Chapter 26 61. Bankruptcy relief is provided under state, not federal, law. a True b. False 62 Businesses must be technically insolvent to file for bankruptcy relief. a True b. False 63. Anyone obligated to a creditor can declare bankruptcy. a. True b. False 64. All bankruptcy proceedings are conducted in federal bankruptcy courts. a. True b. False 65. Once a bankruptcy petition is properly filed, creditors can commence or continue most legal actions against the debtor to recover claims. a. True b. False 66. To qualify for a Chapter 7 bankruptcy, a debtor must complete a means test to determine w hether the debtor has been living within his or her means. a. True b. False 67. A debtor who makes false statements under oath may be denied a discharge of his or her de bts in the bankruptcy proceeding a. True b. False 68. The basic duty of a bankruptcy trustee in a Chapter 7 proceeding requires that the trusteeb e accountable for administering the debtor's estate a. True b. False 69. In a Chapter 7 proceeding the bankruptcy trustee collects the debtor's estate and reduces it to cash, preserving the interests of the debtor and creditors a. True