Which of the following is true about bankruptcy?

Underbankruptcylaw, people or businesses can petition the courts to be relieved of the obligation to pay debts they cannot repay.

B)

Involuntary bankruptcyoccurs when a debtor files an application with a court claiming that debts exceed assets and asks to be declared bankrupt.

C)

Chapter 11of the Bankruptcy Reform Act of 1978 contains a provision for reorganizing the bankrupt business only when the bankruptcy petition is filed voluntarily.

D)

When one or more creditors file the bankruptcy petition against the debtor, it's called ordinary bankruptcy.