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

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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