Under Chapter 11 of the Bankruptcy Act,a Reorganization Plan

question 30

Multiple Choice

Under Chapter 11 of the Bankruptcy Act,a reorganization plan:

• A)must divide the creditors into classes and set forth how each creditor will be satisfied.
• B)need not state which claims are impaired or adversely affected by the plan.
• C)need not necessarily treat all creditors in a given class the same.
• D)must give creditors and trustees shares in the corporation in exchange for the debt owed to them.

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Definitions:

Fetal Alcohol Syndrome

A condition in a child resulting from alcohol exposure during the mother's pregnancy, causing growth problems, facial abnormalities, and cognitive deficits.

Intellectual Disability

A condition characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills.

Down Syndrome

A disorder produced by the presence of an extra chromosome on the 21st pair; once referred to as mongolism.

Parkinson's Disease

A progressive neurological disorder that affects movement, often including tremors, stiffness, and slowing of movement.