Old MathJax webview

please do it in 10 minutes will upvote

please do 28 and 29

27. The primary difference between Chapter 7 and Chapter 11 bankruptcy for a corporation is A. Chapter 11 is for complete liquidation B. Chapter 7 is for reorganization C. Chapter 7 is only for individuals D. Chapter 11 is only for individuals E. None of the above J 28. What is the purpose of 'critical vendor payments' when a company is in bankruptcy? A. To pay the vendors that most need the money first B. To pay the IRS the taxes due C. To pay key suppliers of the bankrupt company first D. Both A and B E. None of the above 29. In a bankruptcy proceeding, what is a 'cramdown'? A. The creditors force the bankrupt company to accept a reorganization plan B. The bankruptcy judge forces the creditors to accept a reorganization plan C. The creditors force the bankruptcy judge to accept a reorganization plan D. The regulators force the bankrupt to accept a reorganization plan E. None of the above L