Which of the Following Is True Regarding the Number of Creditors

Multiple Choice

Which of the following is true regarding the number of creditors who must vote to accept a Chapter 11 reorganization plan?

A) For the plan to be accepted,one-third of the creditors of each class of creditors must vote to approve it.
B) For the plan to be accepted,one-half of the creditors of each class of creditors must vote to approve it.
C) For the plan to be accepted,two-thirds of the creditors of each class of creditors must vote to approve it.
D) For the plan to be accepted,three-fourths of the creditors of each class of creditors must vote to approve it.
E) For the plan to be accepted,one-fourth of the creditors of each class of creditors must vote to approve it.