At the Time of the Filing of the Petition and the Time

question 23

Multiple Choice

At the time of the filing of the petition and the time of the filing of the plan, Chapter 13 imposes on the debtor the requirement of

• A)goodwill.
• B)good faith.
• C)substantial means.
• D)sufficient credit.

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Definitions:

General Partner

A member of a partnership who has unlimited liability for the debts of the business and actively participates in its management.

Partnership's Checkbook

A financial tool used by a partnership for handling and recording transactions.

Special Charters

Legal documents granted by a government or other authority establishing a corporation or other entity and defining its rights and privileges.

State Governments

The governing bodies of individual states within a federal system, responsible for local legislation and administration.