Question: dot - for - Profits, Bankrupties and Estates Which statement is false regarding the acceptance and confirmation of a reorganiration plan? Hanf Srese cait Fictirat
dotforProfits, Bankrupties and Estates
Which statement is false regarding the acceptance and confirmation of a reorganiration plan?
Hanf
Srese cait
Fictirat
Muliple Choice
Any class of credinors then is not damaged by a reorgantrmion is assumed to heve accepted the plan without veeng
The plan must be voted on by the credtors and the stockholders of the company.
Even if creditors and stockholders approve of the plan, the court can reject the plpn
Acceptance of the plan requires the approval of twothirds in number of cleims and one half in dollar amount of creotors that cast voles.
A separate vote is required of each class of stockholders.
Prey
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