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Under a Proposal, a Debtor

Question 27

Multiple Choice

Under a proposal, a debtor


A) must include both secured creditors and unsecured creditors.
B) must include secured creditors, but not unsecured creditors.
C) must be approved by at least half of unsecured creditors, and those creditors must hold at least two-thirds of the face value of the debtor's unsecured debt.
D) must be approved by all secured creditors, but the unsecured creditors are not entitled to vote.
E) does not need to include any existing creditors in a proposal-only those who agree to lend money to the debtor in future.

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