Chapter 11 Bankruptcy Proceedings May Be Initiated by ____ or More

question 29

Multiple Choice

Chapter 11 bankruptcy proceedings may be initiated by ____ or more of its unsecured creditors who have aggregate claims of at least ____.

• A) 2; $1,000
• B) 2; $5,000
• C) 3; $500
• D) 3; $5,000

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Definitions:

Hydroelectric Dams

Dams built to generate electricity by using the energy of water flowing through turbines.

Ocean Tides

The regular rise and fall of the sea level caused by the gravitational pull of the moon and sun on the Earth's oceans.

Turbines

Machines for producing continuous power in which a wheel or rotor, typically fitted with vanes, is made to revolve by a fast-moving flow of water, steam, gas, air, or other fluid.

Unison

The act of doing something at the same time as someone else or the condition of being in full agreement.