Which One of These Actions Generally Occurs First in a Bankruptcy

question 21

Multiple Choice

Which one of these actions generally occurs first in a bankruptcy reorganization?

• A) Filing proofs of claim
• B) Dividing creditors into classes
• C) Confirming the reorganization plan
• D) Distributing cash, property, and securities to creditors
• E) Submitting a reorganization plan

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Definitions:

Foreign Policy

A government's strategy in dealing with other nations, focusing on diplomacy, economic interests, and military strategy to achieve national objectives.

Central Place

A key concept in geographical and urban planning theory, referring to a settlement where various goods and services are available for a surrounding area.

Rwandan Genocide

1994 genocide conducted by the Hutu ethnic group upon the Tutsi minority in Rwanda.

Ethnic Cleansing

The systematic removal of an ethnic group from a territory through violence or intimidation in order to create a homogeneous society; the term was popularized by the Yugoslav policy brutally targeting Albanian Muslims in Kosovo.