Confirmation of a Plan for Reorganization Under Chapter 13 May

question 57

Multiple Choice

Confirmation of a plan for reorganization under Chapter 13 may be given only if:

• A) the plan complies with applicable law and is given in good faith.
• B) the plan provides for payments longer than three years.
• C) the debtor remains in possession of the estate.
• D) all of the creditors agree to accept it.

---

Definitions:

Tap

A hand- or machine-actuated tool used to cut internal threads.

Click Type

A type of mechanism, often found in torque wrenches, that produces a clicking sound to signal the user when a pre-set torque value is reached.

Dial Gauge Type

A category of measurement tools that use a dial to indicate small distances or angles, often used for precision engineering.