q what is phoenix-like activitiesphoenix activity, Business Law and Ethics

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Q. What is phoenix-like activities?

Phoenix activity and phoenix-like activities

Many activities are referred to as "phoenixing" which do display phoenix-like characteristics, in that debts are avoided; however they do not directly fit the definition of phoenixing. These behaviours are sometimes referred to as false designation, sham contracting and misrepresentation.

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