Question: The absolute priority rule is rigidly followed in Chapter 11 settlements serves as a reference point for Chapter 11. although actual settlements sometimes deviate from
The absolute priority rule is rigidly followed in Chapter 11 settlements serves as a reference point for Chapter 11. although actual settlements sometimes deviate from APR serves as a reference point for Chapter 7 although actual settlements sometimes deviate from APR. guarantees that shareholders in insolvent firms receive cash in bankruptcy settlements
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