1. When a company becomes bankrupt, it is usually in the interests of the stockholders to seek a liquidation rather than a reorganization. 2. In chapter 11 a reorganization plan must be presented for approval by each class of creditors? 3. in a reorganization, creditors may be paid off with a mixture of cash and securities. 4. when a company is liquidated on of the most valuable assets to be sold off is the tax loss carryforward