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can you provide an explanation to these problems? 18. Imagine that the actor Kim Basinger had a $9,500,000 judgment against her, and she only had

can you provide an explanation to these problems?

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18. Imagine that the actor Kim Basinger had a $9,500,000 judgment against her, and she only had $5,000,000 worth of assets. Which type of bankruptcy would she want to le, if she would like to eliminate all of this debt and start all over? She spent around $7,000 a month on the care of her animals, and she spent a total of $43,000 a month. a. Chapter 12 Bankruptcy b. Chapter '7 Bankruptcy c. Chapter 11 Bankruptcy d. Chapter 13 Bankruptcy 19. If an involuntary bankruptcy petition is not accepted and is declared illegal by the trustee in bankruptcy, then the court will award which of the following to the debtor? 3. costs reasonable attorney fees b. c. damages d. all of these 6. none of these

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