Under a Proposal, a Debtor

question 27

Multiple Choice

Under a proposal, a debtor

• A)must include both secured creditors and unsecured creditors.
• B)must include secured creditors, but not unsecured creditors.
• C)must be approved by at least half of unsecured creditors, and those creditors must hold at least two-thirds of the face value of the debtor's unsecured debt.
• D)must be approved by all secured creditors, but the unsecured creditors are not entitled to vote.
• E)does not need to include any existing creditors in a proposal-only those who agree to lend money to the debtor in future.

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