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:

Visible Outcome

Describes a result or effect of an action, policy, or process that is easily observed, measured, or assessed.

Major Part

Describes the most significant or substantial component, section, or aspect of a whole, often holding the greatest importance or influence.

Telecommuting

Refers to the practice of working from a remote location, outside of a traditional office environment, often facilitated by digital communication technologies.

Scheduled Work Hours

The planned, designated times during which employees are expected to be performing their work duties.