A Plan of Reorganization Under Chapter 13 Will Be Confirmed

question 30

Multiple Choice

A plan of reorganization under Chapter 13 will be confirmed when the:

• A) debtor has not been discharged before.
• B) unsecured creditors are not discharged.
• C) unsecured creditors receive the same amount as the secured creditors.
• D) unsecured creditors receive at least as much as they would have if the debtor had liquidated.

---

Definitions:

Securities Act Of 1933

A U.S. federal law enacted to ensure more transparency in financial statements so investors can make informed decisions regarding securities.

Securities And Exchange Commission

A U.S. federal agency responsible for regulating the securities industry and enforcing federal securities laws.

Federal Securities Laws

Regulations established to govern the sale and distribution of securities, aimed at protecting investors from fraud.

Small-Business Issues

Challenges and problems commonly faced by small enterprises, including financial management, marketing, and operations.