Eric's creditors force him into bankruptcy proceedings. Eric's bankruptcy is a(n) _____ bankruptcy.
A. voluntary
B. creditor's
C. involuntary
D. forced
Answer: C
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Which of the following, all acquired in the year preceding separation, is not subject to equitable distribution:
a. Wife’s Christmas bonus from her employer. b. Husband’s lottery winnings. c. Vacation home husband inherited from his deceased mother. d. All of the above are not subject to equitable distribution.
Briefly describe the duties of the Chapter 13 trustee.
What will be an ideal response?
A fact may be:
A. A thing B. An action C. An event D. A circumstance E. All of the above F. Answers a, b, and c above G. Answers b, c, and d above
?____ is an equitable remedy requiring the performance that was specified in a contract and is granted only when money damages are inadequate and where the subject matter of the contract is unique.
A. ?An injunction B. ?Laches C. ?Specific performance D. ?None of these choices is correct.