Which of the following statements is true?

The creditors' bargain view believes that wealth maximizationof a debtor company is one of several primary goals of bankruptcy.

Those in the progressive school view the normative goal of bankruptcyas focusing on maximization of return for creditors.

Most bankruptcy scholars agree that bankruptcy has no role is enhancing a debtor's pool of assets.

None of the above are truebecause all of the statementsare false.

All of the above are incorrect choices because all the statements are true.

Bankruptcy courts are part of the state court system.

True

False

Bobby is in financial distress, but still has a substantial assets and in the near term he will receive a large bonus that can help him work through his current financial problems.His attorney has advised him that under the law he can legally file for bankruptcy protection and have his debts forgiven, but he needs to do it soon before he gets his bonus.You are Bobby's life coach and you believe he should file for bankruptcy.Which ethical theory will be thebestto use toadvance the case for Bobby to file for bankruptcy?

Egoism

Deontology

Virtue ethics

Nonconsequentialisttheory

Under the Small Business Reorganization Act of 2019the plan of reorganization will no longercontrol a company's financial future.

True

False

Theconsequentialistapproachto the bankruptcy filing decision will focus on whether filing is right or wrong in itself.

True

False