This type of Bankruptcy proceeding is the most popular for consumers.

a. Chapter VII (7);

b. Chapter XI (11);

c. Chapter XIII (13);

d. Chapter XX (20).

7. This type of Bankruptcy proceeding is the most popular for businesses.

a. Chapter VII (7);

b. Chapter XI (11);

c. Chapter XIII (13);

d. Chapter XX (20).

8. In a Chapter XIII proceeding, the plan is for five years if the following is true:

a. the debtor(s) earn less than their median state income;

b. the debtor(s) earn more than their median state income;

c. the debtor(s) choose for their plan to be for five years;

d. the trustee selects the plan to be for five years.

9. An individual debtor files for Bankruptcy and has a mortgage and wishes to keep her home. She can do so provided this happens during the Bankruptcy:

a. she reaffirms the debt;

b. she pays off the balance on her mortgage;

c. the trustee agrees she can keep her home;

d. none of the above.

10. In a Reorganization, the ____________generally remains in possession of the business during the pendency of the Bankruptcy.

a. the Trustee;

b. the Judge;

c. the Debtor;

d. a committee of creditors.