In Circumstances Where a Insolvent's Proposal Is Found to Be

question 6

Multiple Choice

In circumstances where a insolvent's proposal is found to be unacceptable by its creditors,which of the following will result?

• A) debtor's deemed assignment in bankruptcy
• B) scarcity of DIP financing limiting viability of bankruptcy protection
• C) lack of DIP financing leading directly to bankruptcy and liquidation
• D) extension of time for payment of the claims

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