Question
Which statement is false regarding the acceptance and confirmation of a reorganization plan? a) The plan must be voted on by the creditors and the
Which statement is false regarding the acceptance and confirmation of a reorganization plan? a) The plan must be voted on by the creditors and the stockholders of the company. b) a separate vote is required of each class of stockholders. c) any class of creditors that is not damaged by a reorganization is assumed to have accepted the plan without voting. d) Even if creditors and stockholders approve of the plan, the court can reject the plan. e) Acceptance of the plan requires the approval of two-thirds in number of claims and one-half in dollar amount of creditors that cast votes.
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