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Which of the Following Was the Result in In Re

Question 55

Multiple Choice

Which of the following was the result in In re Bryan Road,the case in the text involving the issue of whether a prebankruptcy waiver of the automatic stay in a prepetition workout was enforceable?


A) After considering a number of factors, the court concluded that the waiver of the automatic stay would be enforced.
B) The court ruled as a matter of law that such agreements are contrary to the principles set forth in the federal bankruptcy statutes and that such agreements are, therefore, unenforceable.
C) The court ruled as a matter of law that such agreements are enforceable.
D) The court ruled that such agreements are enforceable only if all other creditors are paid in full.

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