To preserve the value of a distressed firm, it is generally important
To preserve the value of a distressed firm, it is generally important for the firm to continue operating throughout Chapter 11 proceedings.
Generally, the firm’s current management is allowed to run the firm during the proceedings under a restrictive arrangement called
a. the value-preservation dictum.
b. debtor-in-possession.
c. managerial discretion.
d. trustee assignment.
ANSWER
B
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