Question
1. How much is the minimum amount of debt for the court to grant involuntary liquidation of an insolvent corporation? Group of answer choices a.
1. How much is the minimum amount of debt for the court to grant involuntary liquidation of an insolvent corporation?
Group of answer choices
a. 500,000 or 25% of subscribed capital stock whichever is higher
b. 400,000
c. 1,000,000 or 25% of subscribed capital stock whichever is higher
d. none
2. This period that may be agreed upon by the parties pending negotiation and finalization of the out- of-court or informal restructuring/workout agreement or Rehabilitation Plan?
Group of answer choices
Pre-negotiation period
Stand still period
Cram down period
Status quo period
3. The following are the not affected by Stay order, except?
Group of answer choices
Clearing or settlement of financial transactions through facilities of clearing agency duly authorized by appropriate regulatory agency
Any Criminal Action against individual debtor or owner, partner, director or officer of a debtor shall not be affected by any proceedings commenced under FRIA
Prohibit the debtor from making any payment of liabilities outstanding as of commencement date except as may be provided herein
To any form of action of customers of security market participant to recover or claim money and securities entrusted to the latter in an ordinary course of business
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