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In his bankruptcy proceeding, Pietro has filed a plan of reorganization with the court and he is waiting for the outcome. Before he can proceed
In his bankruptcy proceeding, Pietro has filed a plan of reorganization with the court and he is waiting for the outcome. Before he can proceed to implement the plan, what has to happen?
a.It must be approved by the court.
b.A class of impaired creditors must accept the plan and it must be approved by the court.
c.Pietro can take action immediately.
d.A class of impaired creditors must accept the plan.
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