Which One of These Describes a Bankruptcy Situation Known as a "Cram

question 37

Multiple Choice

Which one of these describes a bankruptcy situation known as a "cram down"?

• A)The absolute priority rule forces common shareholder claims to the very bottom of the payee list.
• B)Creditors are forced to accept a bankruptcy plan that they voted to reject.
• C)The filing firm can be forced by the court to accept a plan submitted by the firm's creditors.
• D)Shareholders are forced to forfeit all their of claims on the bankrupt firm.
• E)A firm submits a reorganization plan simultaneously with its bankruptcy petition thereby forcing the court to agree to the submitted plan.

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Definitions:

Genetically Influenced

Traits or characteristics that are shaped in part by an individual's genetic makeup.

Big Five

A model describing five core traits of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Frontal Lobe

A region of the brain located at the front of the cerebral cortex, involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Inhibiting Behavior

Actions or patterns that restrain or hold back certain responses.