In Order to Gain Creditor (As Opposed to Court) Approval

question 7

Multiple Choice

In order to gain creditor (as opposed to court) approval for a proposal under the Bankruptcy and Insolvency Act, a proposal must command

• A)a bare majority of all creditors in every class, plus the support of all secured creditors.
• B)only the support of a majority of secured creditors.
• C)the support of a majority of voting creditors in each class representing at least two-thirds of the face value of the debtor's debt in that class.
• D)an absolute majority of all creditors in every class, plus the support of all secured creditors.
• E)at least two-thirds of creditors.

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Definitions:

Burning Polymers

The process of decomposing a polymer material through combustion, which can release toxic fumes and is a chemical hazard.

Immunoassay

A laboratory method that uses the antigen-antibody reaction to measure the presence or concentration of a substance.

Molecule

The smallest unit of a chemical compound that can exist; composed of two or more atoms held together by chemical bonds.

Covalent Bonds

A chemical bond formed by the sharing of electron pairs between atoms.