SnowDonuts,a Maker of Snow Tubes,owes Many Thousands of Dollars to Suppliers

Multiple Choice

SnowDonuts,a maker of snow tubes,owes many thousands of dollars to suppliers of the plastic from which the tubes are made.The suppliers have asked the courts to force SnowDonuts to repay.But SnowDonuts just got its three biggest orders ever.What would the courts likely do?

A) have SnowDonuts file voluntary Chapter 7 bankruptcy: liquidation
B) have SnowDonuts file involuntary Chapter 7 bankruptcy: liquidation
C) have SnowDonuts file voluntary Chapter 11 bankruptcy: business reorganization
D) have SnowDonuts file involuntary Chapter 11 bankruptcy: business reorganization
E) have SnowDonuts file involuntary Chapter 13 bankruptcy: wage earner's reorganization