Checkerboard Pizza,Inc.(CPI),files a petition in bankruptcy for relief through a reorganization.CPI's reorganization plan must contain

Question

Quizplus · Accepted Answer

A reorganization plan must include provisions for how it will be executed, such as identifying the sources of funding for the plan and how debts will be paid off. Turning over future income to a trustee is not a requirement, and attending a credit-counseling briefing is something that must be done before filing for bankruptcy. A statement of preference for one creditor over another is not appropriate in a reorganization plan.