Exam 16: Bankruptcy, Divorce, and Tax Fraud

Court appointed trustees are individuals or firms, who:

Which of the following is not a participant in the bankruptcy process?

Karl Mathers set up a new company and obtained loans to buy inventory with the intention of filing for bankruptcy after 2 years and selling the inventory later to a close friend at deep discounts. This type of bankruptcy fraud is known as:

Which of the following may indicate concealment of assets during a bankruptcy?

When a bankrupt company only listed address and phone number as a post office box and an answering service, we may see this as a flag of what type of fraud?

Which is not something that a fraud perpetrator conducting a bust-out is likely to do?

Fraud is common in:

Section 548 of the Bankruptcy Code defines as fraudulent certain transfers made, or obligations incurred, within ______ month(s) before the bankruptcy petition's filing date?

Which of the following is listed as a possible indicator of a "bust-out"?

Who holds a valid claim against someone filing a chapter 11 bankruptcy?

If reorganization does not work under Chapter 11 bankruptcy, judges will often order a _________ bankruptcy.

An examiner investigates and reports the results of a bankruptcy fraud investigation to the court. However, unless court appointed, his duties cannot include any of the following except

Most divorce fraud cases are:

Which bankruptcy participant administers a bankruptcy estate?

Which is the type of bankruptcy that allows large companies to reorganize themselves and pay off debt in the future?

The concealment of assets during or in contemplation of a bankruptcy is:

Indicators of possible asset or income concealment include all of the following except:

Which of the following describes the result of a Chapter 7 filing?

Chapter 11 bankruptcy:

All bankruptcy petitions are subject to