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Question 2 (Mandatory) (1.5 points) Saved In a liquidation bankruptcy case, the creditors elect a trustee to take over the assets of the debtor True
Question 2 (Mandatory) (1.5 points) Saved In a liquidation bankruptcy case, the creditors elect a trustee to take over the assets of the debtor True False Question 3 (Mandatory) (1.5 points) In a bankruptcy, if assets used for security sell for more than enough to satisfy the secured debts, the fully secured creditors receive all the proceeds. True False Question 4 (Mandatory) (1.5 points) Reorganization proceedings under the bankruptcy code are always voluntary. True False Question 5 (Mandatory) (1.5 points) Partially secured creditors have a lien on some assets but not enough to satisfy the debts in full True False
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