1. Techtel Corp. has $25 million in secured debt and $10 million in unsecured debt. After a series of quarterly losses, the company files for Chapter 11 bankruptcy. Techtel proposes a plan of reorganization, which discharges about 60 percent of its unsecured debt. Which of the following would happen upon the bankruptcy court's approval of the proposed plan of reorganization? A) Techtel will be liable to pay the discharged unsecured debt after eliminating its secured debt. B) Techtel will be liable to pay 40 percent of its unsecured debt on a pro-rata basis. Page 1 of 6 C) Techtel will be allowed to discharge a significant percent of its secured debt, as well. D) Techtel will be allowed to propose a new plan of payment after a few months to discharge the remaining 40 percent of its unsecured debt