n this orderly liquidation, the process is done immediately, especially if creditors have sued or when a bankruptcy is filed.Select one:TrueFalse

Statement Evaluation

The statement suggests that in an orderly liquidation, the process is conducted without delay, particularly in situations where creditors are taking legal action or when a bankruptcy petition has been filed.

Analysis

1. Orderly Liquidation Definition: Orderly liquidation generally refers to a systematic process of closing down a business and selling its assets in an organized manner, as opposed to a forced liquidation under duress.

2. Immediate Process: The notion of “immediate” implies that the liquidation process starts right away, which can be true in cases where creditors have initiated lawsuits or where bankruptcy proceedings have already begun.

3. Legal Implications: Legal claims from creditors or the filing of bankruptcy can certainly expedite the liquidation process, making it necessary to act more quickly to meet obligations and manage claims from multiple stakeholders.

Conclusion

Given the context provided, the statement holds true that an orderly liquidation can occur immediately in response to creditor actions or bankruptcy filings.

Final Answer

True