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When Making the Initial Proposal to Creditors in a Bankruptcy

Question 70

Multiple Choice

When making the initial proposal to creditors in a bankruptcy proceeding, the option(s) open to creditors include which of the following?


A) accepting a smaller percentage of what is owed
B) extending the payment terms
C) trading debt for equity in the business
D) All of the answers are correct.
E) None of the answers apply.

Correct Answer:

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