Which of the Following Is True Regarding Actions That May

question 39

Multiple Choice

Which of the following is true regarding actions that may be taken while an automatic stay is in effect in a Chapter 7 proceeding?

• A) Creditors cannot attempt to repossess property during bankruptcy proceedings.
• B) A creditor who received a judgment against a debtor prior to the bankruptcy filing may act to enforce the judgment.
• C) Legal actions to collect child support payments are not subject to the stay.
• D) Once a filing is allowed and a stay is in effect, the rules are the same regardless of previous bankruptcies.
• E) All of these are true.

---

Definitions:

Acquiring New Businesses

The process of a company purchasing or merging with other companies to expand its operations, enter new markets, or gain competitive advantages.

Distribution Alliance

A partnership between companies to allow for the more efficient distribution and availability of products.

Strategic Alliance

A partnership between two or more companies to pursue a set of agreed-upon objectives while remaining independent organizations.

Supplier Alliance

refers to a strategic partnership between a buying firm and its suppliers to improve product quality, reduce costs, and enhance innovation.