Paulo Dessario is the owner of Paulo's Pizzeria, which has not been doing well in the last year. He files for bankruptcy under Chapter 13. Which of the following is true of Chapter 13?
A) Paulo must terminate all his business operations in the United States.
B) If the pizzeria is not exempt from the Chapter 13 estate, Paulo must close it.
C) Paulo is allowed to continue operating the pizzeria, whether or not it is exempt.
D) Paulo can only operate the pizzeria but cannot remain in possession of it.
C
You might also like to view...
What are the three particularly pervasive aspects of the U.S. perspective that limit the ability of U.S. management theories to explain organizational phenomenon in cultures with contrasting orientations?
What will be an ideal response?
The four elements of revenue are:
a. customers, frequency, selling process, price b. profit, sales, employees, selling process c. selling process, price, employees, profit d. customers, revenue streams, frequency, price
Wytex, Inc, a U.S. firm, and Findora Commercial, a Nigerian firm, are parties to a contract that specifies that the official language of the contract is English. This is
a. a choice-of-forum clause. b. a choice-of-language clause. c. a choice-of-law clause. d. an arbitration clause.
When any two firms have both a high degree of market commonality and highly similar resources, a ________ threat is present.
A. stronger marketing B. successful marketing C. stronger competitive D. weaker competitive