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37. Which of the following is true about prepackaged bankruptcy? Does not forces holdouts to accept a bankruptcy reorganization o Offers many of the advantages

37.
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Which of the following is true about prepackaged bankruptcy? Does not forces holdouts to accept a bankruptcy reorganization o Offers many of the advantages of a formal bankruptcy but is more efficient Involves voluntary agreements between lenders and borrowers to modify a debt agreement to prevent the borrower from filing for bankruptcy of the situation is very complicated, the prepackaged bankruptcy should always be prioritized over the normal Chapter 11 bankruptcy process

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