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The absolute priority rule establishes the order in which: a) Claims are paid in a bankruptcy proceeding. b) Firms are liquidated by the bankruptcy courts.

The absolute priority rule establishes the order in which:

a) Claims are paid in a bankruptcy proceeding.

b) Firms are liquidated by the bankruptcy courts.

c) Reorganization events must occur.

d) Bankruptcy cases are heard by the courts.

e) Judges are assigned to bankruptcy cases.

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