Question 6 Not yet answered Marked out of 2 P Flag question Which of the following statements is FALSE? Oa. Because a corporation is a separate legal entity, when it fails to repay its debts the people who lent to the firm, the debt Holders, are entitled to seize the assets of the corporation in compensation for the default Ob in bankruptcy, management is given the opportunity to reorganize the firm and renegotiate with debt holders. Oc As long as the corporation can satisfy the claims of the debt holders, ownership remains in the hands of the equity holders d. None of these options Oe secured creditors stand the best chance of achieving substantial recovery in bankruptcy, to the extent that their pledged collateral has value