When filing for bankruptcy, the corporation and its attorney should be able to be in a position to persuade the court to make a decision in the corporation's favor. This can be done if the corporation submits a plan to repay the debts that it owes to its creditors. This is another area in which the corporate bankruptcy attorney can assist. They have experience in this field and so they will be able to predict what kinds of plans will be accepted by the courts to ensure that the proceedings go as smoothly as possible.
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