1) What is the main difference between a Liquidation proceeding under Ch 7 of the bankruptcy code and a Reorganization u

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1) What is the main difference between a Liquidation proceeding
under Ch 7 of the bankruptcy code and a Reorganization under Ch 11
of the Bankruptcy Code?

2) What is the main difference between a voluntary bankruptcy and
an involuntary bankruptcy? How can an involuntary bankruptcy be
accomplished?

3) Can any debtor simply choose whether to go for a Liquidation
bankruptcy or a Reorganization? Which type of bankruptcy is
preferred by most debtors? How is it determined?

4) Explain the concept of the Automatic Stay?

5) Explain the concept of the 3 main powers of trustees in
bankruptcy?