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.
Correct Answer:
Verified
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