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Which of the following choices is a likely order in which a firm might go through restructuring activities in response to financial distress? file for

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Which of the following choices is a likely order in which a firm might go through restructuring activities in response to financial distress? file for a prepackaged Chapter 11 bankruptcy and then attempt a workout file for Chapter 11 attempt a workout, adjust operating decisions to improve operating cash flow attempt a workout, le for Chapter 7 adjust operating decisions to improve operating cash flow adjust operating decisions to improve operating cash flow attempt a workout, file for Chapter 11

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