1. Explain the difference among the remedies available in Bankruptcy proceedings. What is the impact if the proceedings are deemed to be voluntary?
2. You have a need to borrow $100,000, to be repaid in exactly one year. The stated interest rate, in arrears, is 9%. There is a compensating balance requirement of 10% and a commitment fee of 1% due at closing. What is the effective cost of this bank loan? I. 11.2% II. 11.0% III. 10.0% IV. 9.0%