chapter 34 multiple choice

MULTIPLE-CHOICE QUESTIONS 1. Jill's monthly income is $2,000, her monthly expenses are $2,800, and he fresh start, Jill could file for bankruptcy under $4,000, her monthly expenses are $2,800, and her debts are nearly $40,000. To obtain a a. Chapter 7. b. Chapter 11. c. Chapter 13. d. none of these choices. 2. Pat files a Chapter 7 petition for a a Chapter 7 petition for a discharge in bankruptcy. Pat may be denied a discharge on which of the following grounds? a. Concealing property with the intent to defraud a creditor. b. Paying for services received in the ordinary course of business. c. Having obtained a bankruptcy discharge twelve years earlier. d. Both a and c. 3. Carol is the sole proprietor of Beekman Caf, which owes debts in an amount more than Carol believes she and the caf can repay. The creditors agree that liquidating the business would not be in their best interests. To stay in business, Carol could file for bankruptcy under a. Chapter 7 only. b. Chapter 11 only. c. Chapter 13 only d. Chapter 11 or Chapter 13. 4. Jerzy files a petition for relief in bankruptcy. He does not reveal enough information in the documents provided with the petition for a decision to be made about his financial circumstances. This can result in a dismissal of his petition under a. Chapter 7 only. b. Chapter 11 or 13 only. c. Chapter 7, 11, or 13. d. none of these choices