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Multiple Choice $1\mathrm{.}563$ points

Which statement is true?

$$ The absolute priority rule must be strictly followed in all bankruptcy proceedings.

A prepack is a plan of liquidation used to distribute a firm's assets.

Bankruptcy courts have "cram$-$down" powers.

A reorganization plan can be approved only if the firm's creditors all agree with the plan.

Creditors cannot force a firm into bankruptcy even though they might like to do so$.$

Clear my selection

$12$

Multiple Chojce $1\mathrm{.}563$ points