Which of the Following Is True Regarding the Claims of Mona's

question 56

Multiple Choice

Which of the following is true regarding the claims of Mona's ex-husband for alimony?

• A) Any efforts to collect on the past due alimony are stayed by the bankruptcy proceeding, and the claim for alimony is subject to discharge.
• B) Any effort to collect on the past due alimony are stayed by the bankruptcy proceeding, but alimony payments are nondischargeable.
• C) Efforts to collect on past due alimony payments accrued prior to the filing of the bankruptcy petition are stayed, but efforts to collect on alimony payments accruing after the filing of the bankruptcy petition are not stayed; and alimony payments are nondischargeable.
• D) Efforts to collect on past due alimony payments accrued only after the filing of the bankruptcy petition are stayed, but efforts to collect on alimony payments accrued before the filing of the bankruptcy petition are not stayed; and alimony payments are nondischargeable.
• E) Legal action to collect alimony is not subject to the stay, and alimony payments are nondischargeable.

---

Definitions:

Liquid Assets

Assets that can be quickly and easily converted into cash without significant loss in value.

Full Employment Level

An economic condition in which virtually all individuals willing and able to work at prevailing wage rates are employed.

Aggregate Demand

The sum of all demands for goods and services in an economy, measured at a particular price level over a defined time interval.

John Maynard Keynes

An economist from Britain whose concepts revolutionized the field of macroeconomics and also altered the economic policy-making of states.