In General a Debtor May Not File for Chapter 7

question 36

Multiple Choice

In general a debtor may not file for Chapter 7 bankruptcy if he or she had received a bankruptcy discharge in the last_________________:

• A) three years.
• B) five years.
• C) six years.
• D) eight years.

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Definitions:

Rules

Guidelines or instructions that dictate how something should be done or what is permissible.

Private Ethics

Moral principles and values held by an individual governing personal behavior that may not always align with public standards or expectations.

Business Morality

concerns the ethical principles that guide the behavior and operations of businesses and their decision-makers.

Negotiator

An individual who engages in discussions with one or more parties to reach an agreement or resolution.