The Property That a Bankruptcy Filer Is Allowed to Keep

question 48

Multiple Choice

The property that a bankruptcy filer is allowed to keep so as to have a fresh start is known as which of the following?

• A) Restart property
• B) Exempt property
• C) Excluded property
• D) Untouchable property

---

Definitions:

Ethical Imperatives

Intended to shape or guide behavior by expressing core values and beliefs about what is morally right or morally wrong. Ethical imperatives express behavioral ideals and moral principles by pointing out what we ought to do or ought to refrain from doing.

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action within an organization or individual.

Morally Right

Acting in accordance with ethical principles and recognized standards of good behavior.

Morally Wrong

Actions or decisions that are considered unethical or evil based on moral principles or societal norms.