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Ohapter 11 of the Bankruptcy Act has several features that can help a firm that is in finandal distress. The relative priority doctrine is more

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Ohapter 11 of the Bankruptcy Act has several features that can help a firm that is in finandal distress. The relative priority doctrine is more than the absolite prierity doctrine. The relative prionty doctrine gives a more balanced consideration to all daamants: Fling for bankruptcy under Chapter 11 requires the debtor to submit a reorganzation plan to the bankruptcy court. The court's responsibiity is to scrutinize the proposed pian of reorganization. The court checks if the plan is far and feasible. Anen Corp, filed for barkruptcy protection under Chapter 11. The following table describes cartain actions the company plans to take as a part of its reorganization pian. Arjen submitted the plan to the baribuptcy court. Determine whether the actions described comply with the banikuptcy code, and select the option identifying whether the bonkruptry court will consider or disegard the action in the plan based on the grounds of faimess and feasbitit

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