Generally, in a Bankruptcy Proceeding, the Purpose of the Initial

Generally, in a bankruptcy proceeding, the purpose of the initial proposal to the creditors is to __________.

A) wipe the debts of the business clean and start over
B) liquidate the assets of the business and pay the creditors
C) reorganize the company with new ownership
D) allow the entrepreneur to settle the outstanding debts and continue to operate the business
E) none of the business