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In a Chapter 11 Bankruptcy,a Class of Creditors Is Considered

Question 24

Multiple Choice

In a Chapter 11 bankruptcy,a class of creditors is considered to have accepted the bankruptcy plan when:


A) two-thirds of the class in dollar amount agree.
B) at least 51 percent of the class in number agree.
C) at least 90 percent of the members of the class agree.
D) at least 51 percent of the class in dollar amount and two-thirds of the class in number agree.
E) one-half of the class in number and two-thirds of the class in dollar amount agree.

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