Question

All of the following are conditions most favorable for reaching settlement outside of bankruptcy court except for

a. The debtor firm is willing to share all necessary information with its creditors

b. Creditors have confidence in the debtor firms management.

c. The debtor firm has relatively few creditors.

d. The debtor firm has many creditors.

e. The period of economic distress afflicting the firm is expected to be short-lived.

Answer

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