1-Nancy Joins with other creditors to force Odette, a debtor, into bankruptcy. One of the goals of bankruptcy law with respect to creditors is to:

a) make all debtor property available for creditors.

b) protect creditor assets from diminution in value.

c)ensure equitable treatment of creditors who are competing for a debtor's assets.

2-Bess wishes to appeal a decision of bankruptcy court. Bess may appeal to:

a) The U.S. Supreme Court

b) A federal district court

c) a state court

3-Felicia goes through an involuntary bankruptcy proceeding. An involuntary bankruptcy occurs when:

a) a debtor's creditors force the debtor into bankruptcy proceedings.

b) a debtor is unable to pay his or her debts as they come.

c) a debtor's debts exceed the fair market value of his or her assets.

4-PizzaNow!, a delivery, dine-in, or takeout restaurant, buys a delivery vehicle on credit from Quality Auto& Truck Dealers Corporation, but does not make a payment on the loan for several months. Quality Auto repossesses the vehicle by towing it from a public street. PizzaNow! sues Quality Auto for breach of the peace. PizzaNow! will probably:

a) prevail, because the repossession was a breach of the peace.

b) not prevail, because the repossession was NOT breach of the peace.

c) prevail because PizzaNow! did not default on the loan.

5-Eduardo is a debtor. Furniture Mart is Eduardo's employer. Guaranty Credit, Inc. and the government are Eduardo's creditors. For these parties, a petition in bankruptcy for relief through an individual's repayment plan could be filed by:

a) Eduardo alone, Furniture Mart alone, or Guaranty Credit and the government.

b) Eduardo alone.

c) the government only.

6-Builders Constructions files a voluntary petition for bankruptcy. In listing assets, Builders intentionally omits certain assets , including plots of undeveloped real estate. After Builders is granted a discharge. Commercial Electric Company, one of the Builders' unsecured whose claims were discharged, learns of the fraud. Commercial Electric can:

a) take possession of the stones with or without a breach of the peace.

b) file an involuntary petition for bankruptcy against Builders.

c) enforce its claim against Builders.