Which of the Following Is True of Chapter 11 of the BAPCPA

question 37

Multiple Choice

Which of the following is true of Chapter 11 of the BAPCPA?

• A) It applies only to voluntary bankruptcy proceedings initiated by a company.
• B) It applies to anybody who can file Chapter 7, plus railroads.
• C) It applies to all debtors except railroads, insurance companies, most banks and credit unions.
• D) It addresses the issue of adjustment of debts of a family farmer with regular annual income.
• E) It applies only to individuals with debt not exceeding about $1.3 million.

---

Definitions:

R&D Expenditures

Refers to spending on research and development activities by governments, businesses, or other organizations to innovate or improve products and services.

Economies of Scale

The economic benefits companies achieve through expanding their scale of activity, as the cost for every unit of output falls with the growth in scale.

Income

The financial earnings received by an individual or entity, typically measured over a certain period of time.

Utility-Maximizing

A principle in economics wherein individuals or entities make choices that result in the highest level of satisfaction.