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All of the following statements regarding a prepackaged bankruptcy are true EXCEPT: A. The courts approve prepackaged bankruptcy. B. Prepackaged bankruptcy is difficult to do

All of the following statements regarding a prepackaged bankruptcy are true EXCEPT:

A. The courts approve prepackaged bankruptcy.

B. Prepackaged bankruptcy is difficult to do with many creditors.

C. Prepackaged bankruptcy is typically more costly than Chapter 11.

D. Prepackaged bankruptcy is an effective way to force holdouts to accept reorganization.

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