What are the major forms of Prepetition? Answer the following questions in one sentence
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The most common types of precipitation are rain, hail, and snow. Rain is precipitation that falls to the surface of the Earth as water droplets. Raindrops form around microscopic cloud condensation nuclei, such as a particle of dust or a molecule of pollution.
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Post-petition liability, on the other hand, is all the debt incurred after the bankruptcy case is logged. These two types of liabilities are often shown on the balance sheets of companies in bankruptcy protection and are separated to distinguish which outstanding balances are expected to be paid in full.
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