21.

In a prepackaged bankruptcy the firm:

A.	reaches an agreement with its creditors prior to filing the bankruptcy petition.

B.	exchanges all debt securities with equity securities.

C.	pays all of its secured creditors and exchanges the unsecured debt securities with equity.

D.	must agree with the bankruptcy plan submitted to it by its creditors.

E.	prearranges an auction that will liquidate the firm within one month of the legal filing.