Which of the Following Is True of Chapter 11 Discharge

question 47

Multiple Choice

Which of the following is true of Chapter 11 discharge of debts?

• A) Equal amounts of secured and unsecured debt can be discharged based on a debtor's proposal.
• B) The entire unsecured debt can be discharged based on a debtor's proposal.
• C) Discharge of a portion of unsecured debt by a debtor is permitted to make its plan of organization feasible.
• D) Discharged debt need to be repaid from the postpetition income of a debtor.

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Definitions:

Assimilation

The cognitive process where new information is integrated into existing cognitive schemas, beliefs, and understandings.

Accommodate

In cognitive psychology, to modify existing cognitive schemas, perceptions, or understandings to incorporate new information.

Formal Operations

The final stage in Piaget's theory of cognitive development, characterized by the ability to think abstractly, logically, and systematically.

Hypothetical Thinking

The process of exploring and considering possibilities or scenarios that are not real but are imagined for the purpose of discussion or problem-solving.