Dana operates Energy Inc., a corporation in the fuel-supply business. Dana wants to create a plan under which the firm pays a portion of its debts, is discharged of the remainder, and is allowed to continue in business. Energy should file a petition in bankruptcy for relief through .

A. a liquidation. B. a reorganization. C. a repayment plan. D. an adjustment of debts.

C. a repayment plan.

Energy should file a petition in bankruptcy for relief through a repayment plan.

Explanation: Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.

A repayment plan is a way to pay back a loan over an extended period of time, generally by making fixed monthly payments. Repayment plans operate differently depending on the loan type.

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