By Filing A(n)________ Petition Under Chapter 7,creditors Can Attempt to Force

question 99

Multiple Choice

By filing a(n) ________ petition under Chapter 7,creditors can attempt to force into bankruptcy a debtor who is not paying debts as they become due.

• A)voluntary
• B)involuntary
• C)declaratory
• D)injunctive
• E)interlocutory

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Definitions:

Manufacturing Production

The process of converting raw materials or components into finished goods through the use of machinery and labor in factories.

Means of Production

The resources, such as land, factories, and tools, required for the production of goods and services.

Proletariat

In Marx’s usage, is the working class. Members of the proletariat perform physical labor but do not own means of production. They are thus in a position to earn wages.

Lumpenproletariat

A term used primarily in Marxist theory to describe the lower strata of the working class, including those who are unemployed or unemployable due to the lack of necessary skills.