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A debtor must be insolvent to file a voluntary petition for bankruptcy under Chapter 7.
Accounts Receivable
The money owed to a business by its clients or customers for goods or services provided on credit.
Consulting Work
Professional services provided by experts to advise businesses in various areas of expertise.
Revenue
The total income generated from the sale of goods or services, before any costs or expenses are deducted.
Assets
Economic resources owned by a business or individual that are expected to bring future benefits.
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