A Prepack

Multiple Choice

A prepack:

A) guarantees full payment to all creditors but lengthens the time span of the debt.
B) is the joint filing of both a bankruptcy filing and a creditor-approved reorganization plan.
C) protects the interests of both the current creditors and the existing shareholders.
D) applies only if a firm files under Chapter 7 of the bankruptcy code.
E) extends the time that a firm is protected by the bankruptcy process.