cements Catalog D Question 42 XYZ Corporation, a once-thriving tech company, is facing severe financial distress due to mounting debts, declining sales, and legal challenges. The management is exploring options to restructure the company and manage the debts effectively. After careful analysis, they decide to file for bankruptcy. It's important for the company to continue normal operations throughout the bankruptcy process so that it can continue to generate revenue. What is XYZ Corporation's best option under the Bankruptcy Code? O File Chapter 11 because it completely wipes out all existing debts after liquidation, providing a clean slate for the company. O File Chapter 11 because it allows the company to continue operations, negotiate with creditors, and develop a feasible plan for debt repayment, preserving the business and its assets. 1.82 pt O File Chapter 13 because it will allow XYZ Corporation to create an installment plan under the supervision of the court, ensuring a complete payoff of creditors. O