If the debtor's income is at or below the median income for a family of her size in her state, it is presumed that the debtor may file for Chapter ________

Fill in the blank(s) with correct word


7

Legal Studies & Paralegal

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Indicate whether the statement is true or false

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What will be an ideal response?

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What will be an ideal response?

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While Chapter 7 is an option for a business that wants to liquidate its assets and wrap up its business, the main purpose of filing for Chapter 11 is to allow the business debtor to continue to function, carry on its business, and ________ its debt

Fill in the blank(s) with correct word

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