Under the Bankruptcy Code the Debtor

question 73

Multiple Choice

Under the Bankruptcy Code the debtor:

• A)must elect to use either the set of exemptions provided by the state or the set provided by the federal bankruptcy law.
• B)must honor the instructions of the adjudicating court with regard to the set of exemptions that he should take.
• C)must accept the decision of the creditors with regard to the exemptions to be taken so as to not jeopardize his chance of recovery.
• D)may pick and choose between the set of exemptions provided by the state or the set provided by the federal bankruptcy law.

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Definitions:

Population of Interest

The complete set of individuals, items, or data that a study intends to understand or make inferences about.

A Datum

A single piece of information or data point.

Specified Characteristic

A particular property or attribute that is identified for observation or measurement in a study.

Ascending Magnitude

A sequence or arrangement in which values increase in order from smallest to largest.