If Absolute Priority Rules Are Enforced in a Chapter 7

question 32

Multiple Choice

If absolute priority rules are enforced in a Chapter 7 bankruptcy,which of the following is most likely to receive payment?

• A) local,state,and federal governments owed taxes.
• B) owners of common stock
• C) owners of bonds
• D) banks holding loans secured by collateral

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Definitions:

Impact Evaluation

The assessment of the changes that can be attributed to a particular intervention, such as a project, program, or policy.

Excessive Cost

Expenses that exceed what is reasonable or necessary, often to the point of being unsustainable.

Lengthy Time

A period that is considered to be longer than usual or expected.

Logic Model

A systematic and visual way to present and share the perceived relationships among the resources, activities, outputs, and outcomes of a program or intervention.