An Involuntary Bankruptcy Petition,even If Contested by the Debtor,may Still

question 98

Multiple Choice

An involuntary bankruptcy petition,even if contested by the debtor,may still result in an "order for relief" if:

• A)the debtor generally is not paying his admitted debts as they come due.
• B)the debtor failed to pay three or more debtors whose total debts equal $5,000.
• C)a custodian was appointed within 120 days before the filing of the petition.
• D)Both (a) and (c).

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Definitions:

Simplify

To make an expression less complex by combining like terms and executing arithmetic operations where possible.

Fraction

A numerical quantity that represents a part of a whole, typically in the form of a numerator divided by a denominator.

Exponent

A number that indicates how many times a base is multiplied by itself.

Fraction

A mathematical expression representing the division of one quantity by another, noted by a numerator divided by a denominator.