Question: A pre-packaged bankruptcy is best described as: A. A process of re-contracting and reorganizing a company under court supervision. B. A type of bankruptcy where

A pre-packaged bankruptcy is best described as:

A. A process of re-contracting and reorganizing a company under court supervision.

B. A type of bankruptcy where a trustee liquidates a companys assets.

C. Recontracting with creditors one at a time to resolve financial distress.

D. A pre-negotiated plan of reorganization that is filed with a bankruptcy petition.

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