A corporation may not receive a discharge in a Chapter 11 case if the plan provides for the liquidation of the debtor.

Answer the following statement true (T) or false (F)


True

Legal Studies & Paralegal

You might also like to view...

Which of the following are paralegals not allowed to do?

a. Engage in, encourage, or contribute to any act which could constitute the unauthorized practice of law b. Establish attorney-client relationships c. Give legal opinions or advice d. All of these choices are correct

Legal Studies & Paralegal

A reply to an offer which changes the terms of the offer is called a/an ________

Fill in the blank(s) with correct word

Legal Studies & Paralegal

The following are examples of creditor defenses in an adversary proceeding, except

A) The transfer involved a contemporaneous exchange. B) The transfer resulted in an enabling loan. C) The transfer resulted in a statutory lien such as a mechanic's lien or a tax lien. D) The transfer, for a debtor that does not have primarily consumer debt, totaled less than $5,000. E) None of the above F) All of the above Indicate whether the statement is true or false

Legal Studies & Paralegal

The definitions in Chapter 1 of the Bankruptcy Code apply throughout the Bankruptcy Code.

Answer the following statement true (T) or false (F)

Legal Studies & Paralegal