An Involuntary Petition in Bankruptcy May Not Be Commenced Against

question 40

Multiple Choice

An involuntary petition in bankruptcy may not be commenced against: ______.

• A) a nonprofit corporation.
• B) an individual.
• C) a for-profit corporation.
• D) a railroad company.

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Definitions:

Labour Unrest

Discontent or conflict within the workforce usually due to poor working conditions, low pay, or lack of rights.

Severance Pay

Payment to a worker upon permanent separation from a company.

Permanent Separation

The termination of an employee's position within a company without the expectation of return.

Supplemental Unemployment Benefit

A program that provides additional financial support to laid-off employees over and above government unemployment benefits, often funded by employers.