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15.The trustee in bankruptcy is selected by the debtor. 19. A debtor is presumed to be insolvent in the 180 days prior to declaration of

15.The trustee in bankruptcy is selected by the debtor.

19. A debtor is presumed to be insolvent in the 180 days prior to declaration of bankruptcy.

24.In a bankruptcy case, after all creditors have been paid, any balance is turned over to the debtor.

1.Chapter 7 is:

a. a liquidation proceeding.

b. a reorganization proceeding.

c. an extended time payment plan.

d. always an involuntary proceeding.

2.A voluntary petition in bankruptcy may be filed by a(n):

a. husband and wife.

b. railroad company.

c. insurance company.

d. all of the above.

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