_________ is an arrangement initiated by the debtor firm to negotiate with the creditors about a plan for sustaining or liquidating the firm.
A. An involuntary reorganization
B. An involuntary liquidation
C. A filing of Chapter Seven of the Bankruptcy Reform Act of 1978
D. A voluntary settlement
Answer:D
_________ is an arrangement initiated by the debtor firm to negotiate with the creditors about a plan for sustaining or liquidating the firm.
A. An involuntary reorganization B. An involuntary liquidation C. A filing of Chapter Seven of the Bankruptcy Reform Act of 1978 D. A voluntary settlement