An Involuntary Bankruptcy Petition Can Be Filed If

question 41

Multiple Choice

An involuntary bankruptcy petition can be filed if:

• A) the debtor is transferring unsecured assets to a third party for less than value.
• B) creditors have total outstanding debt of at least $5,000.
• C) there are more than 12 creditors and two of them are participating in the involuntary petition.
• D) no custodian is appointed to take charge of substantially all of the debtor's property.

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Definitions:

MMPI

Minnesota Multiphasic Personality Inventory, a psychological assessment that evaluates personality traits and psychopathology.

Personality Inventory

A questionnaire or other standardized instrument designed to reveal aspects of an individual's character or psychological makeup.

Big Five Trait Dimension

A model proposing five main dimensions used to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Careless

Showing a lack of concern or thought for the consequences of an action or decision.