In TheIn Re Bryan Road Casereferencedin the Text,the Main Issue

question 57

Multiple Choice

In theIn re Bryan Road casereferencedin the text,the main issue before the Florida court was whethera pre bankruptcy waiver of the automatic stay in a prepetition workout was enforceable.How did the court rule?

• A) After considering a number of factors, the court concluded that the waiver of the automatic stay would be enforced.
• B) The court ruled as a matter of law that such agreements are contrary to the principles set forth in the federal bankruptcy statutes and that such agreements are, therefore, unenforceable.
• C) The court ruled as a matter of law that such agreements are enforceable.
• D) The court ruled that such agreements are enforceable only if all other creditors are paid in full.

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Definitions:

Aluminum

Aluminum is a lightweight, silver-white metallic element (Al) used extensively in alloys and for its properties of corrosion resistance and high conductivity.

Chlorine

A highly reactive, greenish-yellow gaseous halogen with the symbol Cl and atomic number 17, widely used in water treatment, bleaches, and industrial processes.

Ionic Compound

An ionic compound is a chemical compound composed of ions held together by electrostatic forces termed ionic bonding, typically formed between metal cations and non-metal anions.

Phosphorus

A reactive, non-metallic element found in Group 15 of the periodic table, essential for life.