In May 2010, the Texas Rangers-a Major League Baseball (MLB) franchise-unveiled a $575 million plan that involved the sale of the Texas Rangers to a group led by Nolan Ryan, a former pitcher for the team. To quickly complete the deal, the Texas Rangers filed for a prepackaged (prepack) bankruptcy. The news story on the Texas Rangers' prepackaged bankruptcy indicated that the MLB would agree to provide the Rangers with a new credit facility so that the franchise could meet all of its obligations. Which of the following features of prepacks does this statement support? O Prepackaged bankruptcies help settle nuisance claims and get approval from all of the creditors. O Prepackaged bankruptcies allow for companies to receive debtor-in-possession (DIP) financing ahead of time. Consider the following statement: Prepackaged bankruptcies reduce the holdout problem. Based on your understanding of prepackaged bankruptcies, identify if the statement is true or false. O True O False