Which of the Following Is Required to File Chapter 12

question 14

Multiple Choice

Which of the following is required to file Chapter 12 bankruptcy?

• A) At least half of the debt must be farm related?
• B) At least 90 percent of the debt must be farm related
• C) Total debt must be under $1 million
• D) The farmer must be 100 percent insolvent.
• E) The farmer must be completely unable to pay any money towards creditors

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Definitions:

Gender

A social construct used to classify a person as a man, woman, or other identity, based on societal roles, behaviors, and characteristics.

Number of Siblings

The count of brothers and sisters an individual has.

Type I Error

Wrongly dismissing a true null hypothesis, commonly called a "false positive."

Type II Error

The statistical error occurring when a test fails to reject a false null hypothesis, also known as a "false negative."