Question
1.Creditors may not force a debtor into an involuntary Chapter 13 bankruptcy because it would violate the debtor's ______ Amendment right against involuntary servitude. a.First
1.Creditors may not force a debtor into an involuntary Chapter 13 bankruptcy because it would violate the debtor's ______ Amendment right against involuntary servitude.
a.First
b.Fifth
c.Thirteenth
d.Twenty-second
2.A bankruptcy trustee may do all EXCEPT which of the following?
a.File tax returns for the estate
b.Recover property of the debtor that had been conveyed in a fraudulent transfer
c.Invest assets of the estate
d.Sell collateral without adequate protection for secured creditors
3.Which of the following unsecured obligations has first priority when the assets are distributed in a Chapter 7 bankruptcy?
a.Administrative expenses
b.Wages, salaries, and commissions
c.Wrongful death or personal injury awards against the debtor for accidents caused by the debtor's wrongful use of alcohol or drugs
d.Alimony, child support, and other domestic support claims
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