Which of the Following Could Use a Division 2 Proposal

question 70

Multiple Choice

Which of the following could use a Division 2 Proposal?

• A)a corporation that owes more than $5 million will have a meeting with all its creditors and the Trustee
• B)an individual wants to avoid bankruptcy and owes $90,000
• C)a corporation wants to restructure its $500,000 debt to avoid bankruptcy
• D)creditors will vote to decide if a corporation should be forced into bankruptcy
• E)an individual who owes $300,000 will present a plan to creditors who will vote on it to determine if they person is forced into bankruptcy

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