If a debtor's insolvency proposal has been approved by its creditors,which of the following must be acquired in order for the business to continue to function?

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While all of the listed options may be necessary for the debtor's insolvency proposal to be successfully executed, approval of the court is the most critical. Without court approval, the proposal cannot go into effect and the debtor will not be able to continue functioning in compliance with the proposal. The appointment of a trustee and majority approval by creditors may also be required, but approval of the court is the primary requirement. Debtor-in-possession financing may also be required to fund the continuation of operations, but it is not a necessary component of the approval process.

If a Debtor's Insolvency Proposal Has Been Approved by Its