Question
Under Chapter 13 of the Bankruptcy Act: Group of answer choices the petition may be voluntary or involuntary. no debt extensions are permitted. no plan
Under Chapter 13 of the Bankruptcy Act:
Group of answer choices
the petition may be voluntary or involuntary.
no debt extensions are permitted.
no plan may be approved if an unsecured creditor objects.
no trustee is appointed.
proceeding?
Group of answer choices
A debt resulting from the obtaining of money by false pretenses or false representations.
A child support obligation.
A tax debt to a state government.
A debt arising from the debtor's failure to pay for consumer goods.
Under chapter 12 of the Bankruptcy Act:
Group of answer choices
the debtor is usually permitted to remain in possession to operate the farm.
no trustee is appointed.
the debtor must cease to operate the farm.
only farms with an aggregate debt exceeding $5 million are covered.
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Introduction To Business Law
Authors: Jeff Rey F. Beatty, Susan S. Samuelson
3rd Edition
978-0324826999, 0324826990
