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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Definitions:

Succulent Plants

Plants adapted to arid environments, characterized by thick, fleshy leaves or stems that store water.

Cladodes

Photosynthetic stems found in some plants that resemble leaves, functioning in photosynthesis and sometimes water storage.

Collenchyma

In plants, simple tissue composed of living cells with unevenly thickened walls; provides flexible support.

Pectin

A natural polysaccharide found in fruits, used as a gelling agent in food production.