Define each of the following terms: a. Informal restructuring; reorganization in bankruptcy b. Assignment; liquidation in bankruptcy;

Question:

Define each of the following terms:
a. Informal restructuring; reorganization in bankruptcy
b. Assignment; in bankruptcy; fairness; feasibility
c. Absolute Priority doctrine; relative priority doctrine
d. Bankruptcy Reform Act of 1978; Chapter 11; Chapter 7
e. Priority of claims in Extension; composition; workout cramdown; prepackaged bankruptcy; holdout.

Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....