In Emerging from Reorganization Under Chapter 11 of the Bankruptcy

In emerging from reorganization under Chapter 11 of the bankruptcy laws, a company issues new voting shares to creditors and prior shareholders. To qualify for fresh start reporting:

A) Creditors must receive at least 75% of the new shares
B) Creditors must receive at least 90% of the new shares
C) Existing shareholders must receive less than 25% of the new shares
D) Existing shareholders must receive less than 50% of the new shares