True or False: 1. One of the primary goals of the Code is to punish the debtor.
Question:
1. One of the primary goals of the Code is to punish the debtor.
2. Each of the Code’s chapters has one of two objectives—rehabilitation or liquidation.
3. A creditor is not permitted to force a debtor into bankruptcy.
4. The bankruptcy court issues an order for relief to give the debtor a chance to file a petition.
5. The Code permits individual debtors (but not organizations) to keep some property for themselves.
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Related Book For
Introduction To Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff Rey F. Beatty, Susan S. Samuelson
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