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Which of the following statements is incorrect ? ____Bankruptcy cases are governed by a combination of federal and state law ____In some states, a person
Which of the following statements is incorrect?
____Bankruptcy cases are governed by a combination of federal and state law
____In some states, a person filing for bankruptcy has the option of exempting (i.e., keeping) property listed in either the federal bankruptcy code or in the state's list of exemptions from attachment and execution
____Both individuals and businesses can file for bankruptcy protection under Chapter 11
____The Automatic Stay prevents debtors from selling property once a bankruptcy is filed
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