Which of the Following Cannot Be Forced into Involuntary Bankruptcy

question 79

Multiple Choice

Which of the following cannot be forced into involuntary bankruptcy under Chapter 7?

• A) Farmers
• B) Ranchers
• C) Nonprofit organizations
• D) Farmers, ranchers, and nonprofit organizations
• E) Farmers and ranchers, but nonprofit organizations may be forced into involuntary bankruptcy

---

Definitions:

Exact Simple Interest

Interest calculated precisely based on the principal amount, rate of interest, and time, without considering the effects of compounding.

365-Day Year

A term referring to the normal count of days in a calendar year, not including leap years which have 366 days.

Quarterly Payroll

The total amount of wages paid by a business to its employees in a three-month period.

Ordinary Simple Interest

A method of calculating the interest charge on a loan based on the principal amount, interest rate, and time.