You posted an entire test or quiz without a thought of your own? Wow!
Once you post what YOU THINK, a tutor might be able to check your work.
1. Insolvency cases that involve assets, debtors, and claimants are handled under Chapter _____
bankruptcy.
(1 point)
9
11
13
15
2. Any individual with unsecured debts less than _____ may consider filing for Chapter 13
bankruptcy.
(1 point)
$8,000
$24,567
$336,900
$442,500
3. In the most common bankruptcy proceedings, debtors file petitions to the bankruptcy court
asking the court to
(1 point)
reallocate debt.
redistribute debt.
discharge their debt.
provide a “no-harassment” court order.
4. Chapter _____ bankruptcy is primarily filed by corporations in hopes of reorganizing their
business.
(1 point)
6
7
11
13
5. Liquidation, or Chapter _____ bankruptcy, provides for a sell-off of any nonexempt property
for cash on the debtor’s behalf.
(1 point)
7
9
11
13
6. The first step in filing for Chapter 7 bankruptcy is (1 point)
hiring a paralegal.
forming a statement of financial affairs.
scheduling outstanding contracts and leases.
filing a petition for bankruptcy with the bankruptcy court.
7. _____ creditors have liens or mortgages with the debtor. (1 point)
Priority
Secured
Subordinated
Unsecured
8. Financially strapped farmers and fishermen can seek assistance by filing for Chapter _____
bankruptcy.
(1 point)
7
11
12
15
9. In case of Chapter _____ bankruptcy, debt is steadily paid off over a period of time. (1 point)
6
7
11
13
10. Which is not a task of the bankruptcy trustee? (1 point)
ensures that the debtor begins repayment
gathers the debtor’s funds in excess of exemptions
monitors the progress of a bankruptcy case
represents the debtor when meeting with the creditors
4 answers
@Writeacher
Your opinion has not been requested please put your head inside a toilet bowl
Your opinion has not been requested please put your head inside a toilet bowl
I think question order is randomized per test so here are the answers in the order you gave the questions. Others can just find whatever they are looking for in the corresponding list
1) D 15
2) C $336,900
3) D discharge their debt
4) C 11
5) A 7
6) D filing a petition for bankruptcy with the bankruptcy court
7) B Secured
8) C 12
9) D 13
10) D represents the debtor when meeting with the creditors
That is 100%
I wish you all the best in your future study endeavors :)
1) D 15
2) C $336,900
3) D discharge their debt
4) C 11
5) A 7
6) D filing a petition for bankruptcy with the bankruptcy court
7) B Secured
8) C 12
9) D 13
10) D represents the debtor when meeting with the creditors
That is 100%
I wish you all the best in your future study endeavors :)
Answer King is correct! God bless anyone reading this! <3
1 answer