18. For a firm facing bankruptcy and liquidation, possible alternative(s) to outright failure and liquidation include A. merger with a compatible firm that is "cash-rich." B. governmental intervention in the form of a monetary "bail-out." C. re-purchasing the firm's own common stock on the market for its Treasury. D. recalling all outstanding long-term bonds and reimbursing the bondholders for the par value of their bonds E. A, B, and C F. A and B 19. A voluntary informal re-organization plan that a firm in financial distress may develop and implement to satisfy creditors' claims is also known as a A proxy B. common pool Cworkout D. synergistic plan 20. Creditors may voluntarily reduce their claims on a debtor firm which owes them money via any of the following changes in the composition of the debt EXCEPT A accepting a lower principal amount B. issuing a stock dividend to their current shareholders. C. accepting equity (stock in the debtor firm), rather than requiring debt repayment. D. reducing the interest rate on the debt amount they are owed 21. The biggest challenge with an informal reorganization is getting all of the parties involved to agree to the plan. This is the problem A boldout B. assignment C. Chapter 11 D. common pool 22 of the US federal bankruptcy laws deals with reorganization of businesses that are in financial distress A. Chapter 1 B Chapter 11 C. Chapter 13 D. Chapter 12 23. If a firm is going through formal reorganization in federal bankruptcy court, the Court will likely appoint a trustee to supervise the reorganization if