Where a Formal Proposal Made by a Debtor Is Rejected

question 45

True/False

Where a formal proposal made by a debtor is rejected by his or her unsecured creditors,the debtor is deemed to have made an assignment in bankruptcy.

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Definitions:

Baptist Minister

A clergy member in the Baptist denomination, known for beliefs in baptism for professing Christians only and the importance of individual faith.

Great Satan

A derogatory term used by some to describe the United States, indicating opposition to its policies or actions.

Islamists

Political movements or individuals who seek to base government and society on Islamic laws and principles, often through the implementation of Sharia.

Right-To-Work Laws

Laws that prohibit union security agreements between companies and labor unions, meaning that employees are not required to join a union or pay union dues as a condition of employment.