Question 26

Which of the following statements about bankruptcy is false?

Group of answer choices

A company going through a reorganization will file a chapter 11 bankruptcy

A company going through a liquidation will file a chapter 7 bankruptcy

A chapter 11 bankruptcy cannot be changed to a chapter 7 bankruptcy

In a chapter 7 bankruptcy, unsecured creditors usually receive nothing

A company can emerge from chapter 11 bankruptcy with a higher chance of success