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To rectify a capital shortfall of 1 million, a bank can raise additional capital by issuing new equity or debt securities. It can also retain earnings by reducing dividends or increasing profitability through cost-cutting measures. Additionally, the bank may consider selling non-core assets to improve its capital position.

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What happens after 341 meeting?

After a 341 meeting, also known as the creditors' meeting, the trustee and creditors can ask the debtor questions about their financial situation and assets. Following this meeting, the trustee will review the information provided and may take further action if necessary. If there are no issues, the bankruptcy case will proceed toward discharge, which typically occurs a few months later, assuming all requirements are met. Creditors may file claims, and the debtor must comply with any court requirements to finalize the bankruptcy process.


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