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Author Question: Which of the following is a requirement for an involuntary Chapter 7 bankruptcy petition? A)The ... (Read 120 times)

genevieve1028

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on: Jun 24, 2018
Which of the following is a requirement for an involuntary Chapter 7 bankruptcy petition?
 A)The debtor must owe at least 150,000 in unsecured claims to the creditors who file.
 B)The debtor must have at least three creditors sign the petition if the debtor has 12 or more creditors.
 C)The creditors must have tried to help the debtor overcome the financial difficulties.
 D)The debtor must have a majority of the creditors file the petition.

Question 2

In the United States, ocean carriers are not liable under the Uniform Commercial Code in amounts in excess of 500 per shipment.
  Indicate whether the statement is true or false


kbennett34

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

FALSE


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genevieve1028

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Reply #2 on: Jun 24, 2018
Thank you :)


kbennett34

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Reply #3 on: Jun 24, 2018
Happy to help you


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