On the Entry of an Order for Relief in a Reorganization

question 43

True/False

On the entry of an order for relief in a reorganization case, the creditors generally take over the operation of the debtor's business.

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Definitions:

Conciliation

Process whereby groups make cooperative gestures to one another in the hope of avoiding an escalation of conflict.

Arbitration

Process of intergroup conflict resolution in which a neutral third party is invited to impose a mutually binding settlement.

Bargaining

Process of intergroup conflict resolution where representatives reach agreement through direct negotiation.

Primitive Behaviour

Actions or reactions that are considered to be based on early or basic human instincts rather than learned or civilized responses.