A firm may file for Chapter 11 bankruptcy:

I. In an attempt to gain a competitive advantage

II. using a prepack.

III. while allowing the current management to continue running the firm.

IV. even though it is not insolvent.

Answers:

1. I and III only

2. I, II, and IV only

3. I and II only

4. III and IV only

5. I, II, III, and IV