Which of the Following Is True of Chapter 12 of the U.S

question 73

Multiple Choice

Which of the following is true of Chapter 12 of the U.S. Bankruptcy Code?

• A)Under Chapter 12, family farmers and fishermen have a right to file for bankruptcy reorganization.
• B)A plan for a Chapter 12 reorganization should provide for payments to creditors over no longer than a one-year period.
• C)Chapter 12 grants a personal exemption for all farm or fishing equipment.
• D)A debtor cannot convert a Chapter 12 reorganization to a Chapter 7.

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