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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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