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.
Correct Answer:
Verified
Q50: A state law that limits the maximum
Q52: A(n)_ subordination is an agreement between two
Q53: Which of the following was the result
Q58: Fact Pattern 23-1
Bailey has been making large
Q60: Bank president Spencer had approved significant loan
Q64: What is a preference under the bankruptcy
Q65: Bob goes bankrupt.He has several creditors and
Q66: Alice,the president of ABC Bank,had a meeting
Q67: Set forth the five events referenced in
Q68: Define the terms security interest,dragnet clause,and perfection.What
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents