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Suppose that a bankrupt firm, while in the process of developing a reorganization plan, is allowed to buy goods on credit and borrow money to
Suppose that a bankrupt firm, while in the process of developing a reorganization plan, is allowed to buy goods on credit and borrow money to finance needed working capital. Such an arrangement is called:
A. prepack bankruptcy.
B. appointment of receiver.
C. workout by creditors.
D. debtor-in-possession financing.
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