Author Question: When the Chapter 11 petition is filed, the debtor files a series of pleadings called 7th day ... (Read 90 times)

Beheh · **on:** Aug 2, 2018

When the Chapter 11 petition is filed, the debtor files a series of pleadings called 7th day motions, to obtain court approval to engage in activities that are not allowed under the Bankruptcy Code.

Indicate whether the statement is true or false

Question 2

A business may choose to file for Chapter 7 if it intends to go out of business, whereas others may be forced into a Chapter 7 bankruptcy by its creditors.

Indicate whether the statement is true or false