Author Question: Which of the following is a correct legal conclusion regarding Chapter 11 reorganization bankruptcy? ... (Read 81 times)

cmoore54 · **on:** Jun 24, 2018

Which of the following is a correct legal conclusion regarding Chapter 11 reorganization bankruptcy?
A) Individuals, partnerships, and corporations in business may be reorganized.
B) A plan for reorganization may be filed only by a committee of creditors.
C) When a reorganization plan is confirmed by the court, the creditors can revert back to their original position if they are not satisfied with the plan.
D) Individuals within a particular class of creditors can be treated differently if they object to the reorganization plan.

Question 2

A government regulation that deprives a landowner of use of her property:
A)Is a taking that requires compensation.
B)Is not a taking since the landowner still has title.
C)Is a taking but no compensation is required.
D)None of the above