Which One of the Following Statements Is Correct

Multiple Choice

Which one of the following statements is correct?

A) All Chapter 7 bankruptcy filings must include a "workout" agreement.
B) Firms must remain in bankruptcy for at least 18 months.
C) Key employee retention plans (KERPs) are no longer legal.
D) Labor contracts cannot be modified through the bankruptcy process.
E) A firm can file for Chapter 11 bankruptcy even if the firm is solvent.