Disregarding the effect of bankruptcy

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Reference no: EM131017984

Please, give the answer on around half page - one page

Enron Creditors to Receive 14 to 18 Cents on Dollar

In a court-approved plan for reorganization, Enron, the world's largest bankrupt corporation, will pay 14.4 cents on the dollar to its Enron North America creditors and 18.3 cents on the dollar to Enron Corp. creditors. The plan has survived a challenge by creditors based on the unequal treatment. Trials continue on over 100 charges aimed at senior executives of Enron, some of whom have pleaded guilty to conspiracy and fraud charges in hiding the truth of Enron's precarious financial position.

Disregarding the effect of bankruptcy itself, discuss the general law applying to the rights and responsibilities of Enron, its officers, shareholders, and creditors.

(Note:

Book: Fundamentals of Canadian Business Law, Second Edition Paperback by John A Willes, John H Willes

https://onedrive.live.com/redir?resid=C84C89BD7A524270!7930&authkey=!AKBgKScNc945F1M&ithint=file%2cpdf )

Reference no: EM131017984

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