Who Can Attempt to Force a Debtor into Bankruptcy by Filing

question 32

Multiple Choice

Who can attempt to force a debtor into bankruptcy by filing an involuntary petition under Chapter 7?

• A) A court
• B) An employer
• C) Creditors
• D) The state
• E) Family members owed money

---

Definitions:

Free-Trade Agreement

A pact between two or more nations to reduce barriers to imports and exports among them, with the aim of encouraging trade and economic integration.

Publicly Accountable Enterprises

Businesses that have accountability to a broad group of stakeholders, including shareholders and the public, typically required to follow specific accounting standards.

Debt Issuer

An entity, like a corporation or government, that issues debt instruments such as bonds to raise capital by borrowing from investors.

Banks

Financial institutions licensed to receive deposits and make loans, offer various other financial services.