Which One of These Describes a Bankruptcy Situation Known as a "Cram

Multiple Choice

Which one of these describes a bankruptcy situation known as a "cram down"?

A) The absolute priority rule forces common shareholder claims to the very bottom of the payee list.
B) Creditors are forced to accept a bankruptcy plan that they voted to reject.
C) The filing firm can be forced by the court to accept a plan submitted by the firm's creditors.
D) Shareholders are forced to forfeit all of their claims on the bankrupt firm.
E) A firm submits a reorganization plan simultaneously with its bankruptcy petition thereby forcing the court to agree to the submitted plan.