Essex, a manufacturing company is in serious financial difficulty and is unable to meet current unsecured obligation of $1,340,000.00 to some 20 creditors, who are demanding immediate payment. In that creditor list, Essex owes Steven Machine Corporation $15000.00 on a secured financing agreement for a CAD machine that was purchased last year. DISCUSS THE FOLLOWING:What are the options available to the creditors and essexs?Discuss how is a bankruptcy estate administered? What chapter would be best here and why?  Why not the other chapters?What are debtor’s rights and duties in bankruptcy?When are debts discharged in bankruptcy?—what rights might steven machine have?—discuss options, and how and if they can be pursued.  Thank you very much for the help.

The purpose of the project proposal is to describe a project (i.e., to describe how to automate or improve the automation of a specific business process) and then to explain how completing the project will positively affect the business.Once a project proposal is accepted, project work can begin; therefore, a successful project proposal must include all of the information necessary for stakeholders to make a go/no-go decision, including a statement of scope, a list of the benefits you expect the proposed project to provide, and a rough estimate of how long it will take and how much it will cost to complete the project.For this assignment, you will download and complete ALL sections in the Project Proposal Template for the business scenario you selected earlier this week and that was approved by your instructor. For your project proposal, be sure to:Complete the Project Proposal Template based on the business scenario you selected (and that was approved by your instructor) earlier this week. If you prefer, you may re-create the template using another software application of your choice, such as Microsoft Excel®.Develop a project definition and scope that defines the project and articulates the business context for the project.Identify problems that the proposed system is expected to solve (or opportunities the proposed project is expected to produce).Create project objectives.Create the project methodology or game plan.Compile a high-level schedule for completing the project scope.