Under terms of the U.S.federal bankruptcy code,chapter ________ call for a ________ procedure.
A)7; reorganization
B)11; liquidation
C)11; reorganization
D)None of the above

Question

Quizplus · Accepted Answer

Chapter 11 of the U.S. federal bankruptcy code allows for the reorganization of a company's debts and operations, rather than liquidation. Chapter 7 involves liquidation, and there is no chapter that specifically calls for a reorganization procedure.

Under Terms of the U