2. Aside from liability discharge provided for in the reorganization plan, the discharge of a debtor corporations

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2. Aside from liability discharge provided for in the reorganization plan, the discharge of a debtor corporation’s liabilities occurs when:

a The plan is accepted by a majority of unsecured creditors b Each class of claims has accepted the plan or is not impaired under it c Each holder of a claim has accepted the plan or will receive at least as much as if the company were liquidated d The court confirms that the plan is fair and equitable

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Advanced Accounting

ISBN: 9781292214597

13th Global Edition

Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith

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