Chapter 7 of the Bankruptcy Code of the Bankruptcy Act

question 50

Multiple Choice

Chapter 7 of the Bankruptcy Code of the bankruptcy act of 2005 primarily deals with ________.

• A) reorganization
• B) adjustment of debts of a family farmer or fisherman with regular income
• C) adjustment of debts of an individual with regular income
• D) liquidation

---

Definitions:

Dominance Structuring

The organization of a social group based on a hierarchy of power or dominance, where individuals or groups assert control over others.

To-Be-Chosen Option

An alternative or possibility that is under consideration for selection in decision-making.

Elimination By Aspect

A decision-making strategy that systematically rejects options based on the absence or presence of certain criteria, until one option remains.

Satisficing

A decision-making strategy that entails searching through the available alternatives until an acceptability threshold is met.