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A firm in financial distress that reorganizes through the bankruptcy process: a,)must abide by the Section 363 provisions of Chapter 11. b.)must file a reorganization
A firm in financial distress that reorganizes through the bankruptcy process:
a,)must abide by the Section 363 provisions of Chapter 11.
b.)must file a reorganization plan within 90 days of filing the bankruptcy petition.
c.)must only have the reorganization plan approved by its primary creditor.
d.) will continue to operate as a going concern throughout the entire process.
e.)cannot issue new securities to either creditors or shareholders.
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