Under Chapter 7, to Be Entitled to Receive a Portion

question 48

Multiple Choice

Under Chapter 7, to be entitled to receive a portion of a debtor's estate, each creditor must file a proof of claim with the bankruptcy court within ninety days of

• A)the order for relief.
• B)the petition.
• C)the automatic stay.
• D)the creditors' meeting.

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Definitions:

Value Chain

A model that describes the full range of activities needed to create a product or service, from inception to delivery to the end user.

Leading Indicators

Economic or financial variables that predict future trends and changes in the economy or markets before they occur.

Lagging Indicators

Metrics that follow an event, used to confirm patterns or trends, typically economic, after they have begun to manifest.

Strategic Learning

The process of using performance metrics to verify strategic objective expectations and, if necessary, adjusting them.