An Official Acknowledgement That a Debtor Is Under the Jurisdiction

question 12

Multiple Choice

An official acknowledgement that a debtor is under the jurisdiction of the bankruptcy court is called

• A)a voluntary petition.
• B)an involuntary petition.
• C)an automatic stay.
• D)an order for relief.

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Definitions:

Franchise Law

A legal area focused on the rights and obligations of franchisors and franchisees under franchise agreements.

Franchisee

An individual or company that is granted the license to do business under the franchisor's trademark, trade name, and business model.

Inspections

The act of examining something carefully with the goal of ensuring it meets specific standards or criteria.

Embezzlement

A wrongful conversion of another’s funds or property by one who is lawfully in possession of those funds or that property.