The major difference between Chapter 7 and Chapter 11 is that:

Select one:

A. there is no priority of claims under Chapter 11.

B. liquidation automatically occurs in Chapter 7 but may or may not occur under Chapter 11.

C. no administrative or legal costs are incurred under Chapter 7.

D. liquidation occurs in Chapter 11 but reorganization is the objective under Chapter 7.

E. Chapter 11 is voluntary and Chapter 7 is involuntary.