A Chapter 13 Plan of Reorganization May Include All but Which

question 1

Multiple Choice

A Chapter 13 plan of reorganization may include all but which one of the following?

• A) Priority debts must be paid in full unless the debtor waives that right.
• B) Future wages must be controlled by the trustee.
• C) Assets must be liquidated.
• D) The rights of unsecured creditors may be modified.

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Definitions:

Unseasoned Rights Offering

A capital-raising activity in which companies offer new shares to existing shareholders without a prior track record of such market actions.

Public Offering

The process of selling new issues of securities to the public, typically through the issuance of stocks or bonds.

Securities

Tradable assets indicating an equity stake in a company available on the public market, a lending relationship with either a governmental agency or a corporation (bond), or the rights to own shares as depicted by an option.