When a company files for Chapter 11 bankruptcy,every creditor must approve its plan for reorganization.

Name: When a company files for Chapter 11 bankruptcy,every creditor must approve its plan for reorganization.
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While creditors will have a say in the reorganization plan proposed by the company, not all creditors need to approve it. The plan must be approved by the bankruptcy court, which will consider whether it is fair and feasible for the company's creditors and stakeholders.

When a Company Files for Chapter 11 Bankruptcy,every Creditor Must