True/False

6. A reorganization under chapter 11 of the Bankruptcy Code Amendments will be approved by the courts even if creditors receive less than would be the case with a Chapter 7 liquidation.

7. Under the bankruptcy code, a reorganization may ne either voluntary or involuntary, yet a liquidation may be only voluntary

8. A chapter 11 reorganization plan must be approved by those creditors representing at least one-half of the total dollar amount due that class

9. Under a corporate liquidation, all unsecured creditors have equal rights to claim available assets of the corporation

10. A statement of affairs measures a deficiency- traceable to unsecured creditors without priority-as the difference between the estimated net realizable value of the assets and the amount due to the creditors

11. The dividend to general unsecured creditors is the dividend rate declared on common stock multiplied by the amount due to unsecured creditors

12. The statement of realization and liquidation reports the actual results of a liquidation whereas a statement of affairs reports estimated results