Business, 20.02.2020 04:46 azireyathurmond1

Martha has a small tailoring business that employs five tailors and three shop assistants. Because business is going well, Martha decides to expand. She purchases twice as much cloth, thread, and buttons, and she borrows money to expand her store space. Initially, business continues to increase, but then there is a sharp drop-off and Martha cannot pay her debts. She declares bankruptcy and files a petition for Chapter 11 with the court. The court allows Martha to continue to operate her business. Martha is a: a. trustee. b. receiver. c. liquidated owner. d. debtor in possession.

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Martha has a small tailoring business that employs five tailors and three shop assistants. Because b...