A Firm May File for Chapter 11 Bankruptcy

Multiple Choice

A firm may file for Chapter 11 bankruptcy:
I.in an attempt to gain a competitive advantage.
II.using a prepack.
III.while allowing the current management to continue running the firm.
IV.only after the firm becomes insolvent.

A) I and III only
B) I and II only
C) I, II, and IV only
D) I, II, and III only
E) I, II, III, and IV