Which of the following statements are true regarding corporate bankruptcy?

Select one:

a. A Chapter 11 bankruptcy involves the liquidation of a firms assetsb. In a Chapter 7 Bankruptcy, the unsecured bondholders are paid before the general creditors.c. A Chapter 7 bankruptcy results in a court approved reorganization plan and protection for the firm from its creditors.d. The common shareholders are those most at risk during a Chapter 7 Bankruptcy.