Retail Stores Inc. wants to agree with its creditors on a plan under which it pays a portion of its debt and is discharged of the rest. To accomplish this goal, the corporation should file a petition in bankruptcy under Chapter 11 for relief through

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Filing a petition in bankruptcy under Chapter 11 allows the corporation to propose a reorganization plan, which involves paying a portion of the debt and being discharged of the rest. Option A, liquidation, is typically associated with Chapter 7 bankruptcy, which involves selling off assets to pay creditors. Option C, a repayment plan, is more commonly used under Chapter 13 for individuals. Option D, an adjustment plan, is not a recognized term in bankruptcy law.