Which of the Following Is False Regarding Chapter 12 of the Bankruptcy

question 87

Multiple Choice

Which of the following is false regarding Chapter 12 of the bankruptcy code?

• A) A family farmer under Chapter 12 must have regular annual income.
• B) The family farmer's gross income must be at least 50 percent farm-dependent.
• C) More than 80 percent of the debt must be farm-related.
• D) The total debt must be under $1.5 million.
• E) Congress modeled Chapter 12 after Chapter 7 relief.

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Definitions:

Swimming Speed

The rate at which an individual or object moves through water.

Cardiovascular System

The system in the body that circulates blood and lymph through the heart, arteries, veins, and capillaries, delivering oxygen and nutrients to organs and tissues and carrying away waste products.

Red Blood Cells

The cells in the blood that carry oxygen to the body's tissues and remove carbon dioxide.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to the body's tissues and organs.