Before a Court Will Issue a Sequestration Order It Must

question 26

Multiple Choice

Before a court will issue a sequestration order it must be satisfied that the debtor committed an act of bankruptcy.If this requirement is satisfied:

• A)there is proof the debtor may commit crimes.
• B)the commencement of the bankruptcy can be backdated to the earliest act of bankruptcy within the previous six years.
• C)there is proof the debtor was insolvent.
• D)all of the above apply.

---

Definitions:

Step-down Method

An accounting method used in cost accounting to allocate overhead costs to related products or services in a hierarchical manner.

Personnel Department

A division within a company responsible for managing human resources functions, including recruitment, training, and employee relations.

Number Of Employees

The total count of individuals employed by a business at any given time, either full-time or part-time.

Step-down Method

A cost allocation method used in managerial accounting to distribute overhead costs to various cost objects, considering the support departments provide to each other.