Chapter 11 of the U

question 7

Multiple Choice

Chapter 11 of the U.S. Bankruptcy Code allows ________.

• A)a portion of a debtor's earnings to be paid into court for distribution to creditors over a period of three years
• B)a business to reorganize and continue to function while it is arranging for the discharge of its debts
• C)a portion of a debtor's homestead exemption to be paid into court for distribution to creditors over a period of five years
• D)a debtor to turn over all assets to a trustee who sells the nonexempt assets and distributes the proceeds to creditors

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