Laura had made a commercial proposal (Division I) to her creditors.They have accepted it by a two-thirds vote.The next step is for the trustee to
A) schedule a hearing in the Bankruptcy Court.
B) apply to the court to have the proposal declared binding upon all the creditors.
C) get the approval of the receiver in bankruptcy.
D) determine if the agreement is prejudiced against general creditors.
E) file the document with the Superintendent of Bankruptcy.
Correct Answer:
Verified
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