In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act to set a stricter criteria for entities to declare bankruptcy.

Consider the following bankruptcy case:

Lehman Brothers Holdings Inc. filed a voluntary bankruptcy petition in September 2008 with $639 billion in assets and a total debt of $613 billion.

Lehman Brothers bankruptcy is considered to be one of the largest bankruptcies in U.S. history.

Lehman leveraged its investments in the years leading up to its bankruptcy.

The bankruptcy courts announced the breakup of Lehmans assets and sold the companys divisions to Barclays and Nomura Holdings Inc.

Lehmans breakup and bankruptcy is an example of which of the following bankruptcy laws?

Group of answer choices

Chapter 11

Chapter 13