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Which of the Following Is True of Chapter 11 of the Bankruptcy

Question 39

Multiple Choice

Which of the following is true of Chapter 11 of the Bankruptcy Code?


A) Chapter 11 is a rehabilitation form of bankruptcy that permits bankruptcy courts to supervise the debtor's plan for the payment of unpaid debts.
B) The filing of a Chapter 11 petition immediately enables creditors to recover the debtor's property.
C) Chapter 11 helps the debtor reorganize with a new capital structure so that the debtor emerges from bankruptcy as a viable concern.
D) Chapter 11 does not permit a debtor to reject executory contracts or unexpired leases.

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