Which of the following regarding Chapter 11 Bankruptcy is INCORRECT?

Question 4 options:

	It files under Chapter 11 to stop creditors from foreclosing, taking assets, and closing the business and it has 120 days to file a reorganization plan.
	Unsecured creditors are more likely prefer Chapter 11 bankruptcy than Chapter 7 Bankruptcy.
	Management usually stays in control.
	After 120 days, corporate always start liquidation process and Secured creditors from sales of secured assets are the first in line to claim the assets.
	Court appoints a "trustee" to supervise reorganization.