Question 1

In Chapter 11 only the debtor may propose plans of reorganization.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following actions would prevent a discharge of debts under Chapter 7?

Accepted Answer

A) Discharge under Chapters 7 or 11 within the past eight years. 
B) Falsified records presented to bankruptcy court by debtor. 
C) Failure to disclose assets. 
D) All of the above would prevent a discharge of debts. 
A) Discharge under Chapters 7 or 11 within the past eight years. 
B) Falsified records presented to bankruptcy court by debtor. 
C) Failure to disclose assets. 
D) All of the above would prevent a discharge of debts.

Question 3

Chapter 13 bankruptcy:

Accepted Answer

A) is used by businesses to reorganize their financial situations. 
B) is an involuntary bankruptcy. 
C) can be used only by individuals with a regular source of income. 
D) is used by businesses to liquidate their debts. 
A) is used by businesses to reorganize their financial situations. 
B) is an involuntary bankruptcy. 
C) can be used only by individuals with a regular source of income. 
D) is used by businesses to liquidate their debts.

Question 4

Iris received a discharge under a Chapter 7 bankruptcy.She cannot receive another discharge under Chapter 7 for at least:

Accepted Answer

A) six years after the prior filing. 
B) eight years after the prior filing. 
C) ten years after the prior discharge. 
D) She cannot file another Chapter 7,but could file a Chapter 11 or 13 bankruptcy. 
A) six years after the prior filing. 
B) eight years after the prior filing. 
C) ten years after the prior discharge. 
D) She cannot file another Chapter 7,but could file a Chapter 11 or 13 bankruptcy.

Question 5

A Chapter 7 debtor's agreement to pay a creditor on a debt after receiving a discharge in bankruptcy is called a:

Accepted Answer

A) voidable preference. 
B) reaffirmation. 
C) fresh start. 
D) redemption. 
A) voidable preference. 
B) reaffirmation. 
C) fresh start. 
D) redemption.

In Chapter 11 only the debtor may propose plans of reorganization.

Which of the following actions would prevent a discharge of debts under Chapter 7?

Chapter 13 bankruptcy:

Iris received a discharge under a Chapter 7 bankruptcy.She cannot receive another discharge under Chapter 7 for at least:

A Chapter 7 debtor's agreement to pay a creditor on a debt after receiving a discharge in bankruptcy is called a:

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Exam 24: Bankruptcy

In Chapter 11 only the debtor may propose plans of reorganization.

Which of the following actions would prevent a discharge of debts under Chapter 7?

Chapter 13 bankruptcy:

Iris received a discharge under a Chapter 7 bankruptcy.She cannot receive another discharge under Chapter 7 for at least:

A Chapter 7 debtor's agreement to pay a creditor on a debt after receiving a discharge in bankruptcy is called a:

Introduction to Law

Business Ethics and Social Responsibility

Dispute Resolution

Common Law, Statutory Law, and Administrative Law

Constitutional Law

Torts and Product Liability

Crime

International Law

Introduction to Contracts

Agreement

Consideration

Legality

Capacity and Consent

Written Contracts

Third parties

Performance and Discharge

Remedies

practical Contracts

Introduction to Sales

Ownership and Warranties

Performance and Remedies

Negotiable Instruments

Secured Transactions

Agency

Employment and Labor Law

Employment and Discrimination

Starting a Business

Corporations

Government Regulations:Securities and Antitrust

Consumer Protection

Cyberlaw

Intellectual Property

Real and Personal Property

Filters