Question 26 A Chapter 7 trustee sells exempt assets of the debtor. True False Question 27 Chapter 11 deals with reorganization. True False Question 28 Chapter 13 bankruptcies are for individuals and allow them to pay some or all of their debts in 3 or 5 years under a court-approved plan. True False Question 29 Within a few weeks of filing for bankruptcy each debtor has to face a Meeting of Creditors conducted by a bankruptcy trustee where the debtor is asked questions under oath by his creditors about his finances. True False Question 30 The sale proceeds of a Chapter 7 debtor's bankruptcy estate (his non-exempt property) generally are used (1) for administrative costs of the bankruptcy, (trustees fees [costs of liquidation (sale)] --and attorney fees), and next, if sums remain (3) for prorated payments of claims of unsecured creditors.