Which of the following is true of Chapter 11 of the Bankruptcy Code?
A) Chapter 11 is a rehabilitation form of bankruptcy that permits bankruptcy courts to supervise the debtor's plan for the payment of unpaid debts.
B) The filing of a Chapter 11 petition immediately enables creditors to recover the debtor's property.
C) Chapter 11 helps the debtor reorganize with a new capital structure so that the debtor emerges from bankruptcy as a viable concern.
D) Chapter 11 does not permit a debtor to reject executory contracts or unexpired leases.
C
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