Once a Voluntary Liquidation Proceeding Under Chapter 7 Is Filed

question 55

Multiple Choice

Once a voluntary liquidation proceeding under Chapter 7 is filed, the debtor's prepetition assets form the ________.

• A) Corpus
• B) Remainder
• C) Residual estate
• D) Bankruptcy estate
• E) Relinquished asset pool

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Definitions:

Shift Key

A modifier key on a keyboard, used to type capital letters and other alternate "upper" characters.

Control

In a computing context, refers to a graphical component or widget in a user interface that users interact with, such as buttons, sliders, or text boxes.

Form

A document with spaces in which to write or select, for a series of questions or requests for information.

Item

A single data point or element within a collection or list, often referred to in the context of programming, shopping, or inventory.