【简答题】In relation to the Enterprise Bankruptcy Law of China: (a) state the duty and function of a bankruptcy administrator with respect to conversion; (4 marks) (b) state the rules as to the conversion of i...
【单选题】During bankruptcy proceedings of a firm, the priority of claims was not strictly adhered to. Which of the following is the least likely explanation for this outcome?
A.
Senior creditors compromised
B.
The value of secured assets was less than the amount of the claims
C.
A judge’s order resulted in actual claims not adhering to strict priority of claims