Author Question: As with the other chapters of the Bankruptcy Code, the bankruptcy court has the power to dismiss a ... (Read 98 times)

hbsimmons88 · **on:** Aug 2, 2018

As with the other chapters of the Bankruptcy Code, the bankruptcy court has the power to dismiss a Chapter 9 filing that was not filed in ________.

Fill in the blank(s) with correct word

Question 2

What initial determinations do developers have to make before acquiring properties?

What will be an ideal response?

otokexnaru · **Reply #1 on:** Aug 2, 2018

Answer to Question 1

good faith

Answer to Question 2

Developers must determine that the final project will be economically viable; the resulting property can be sold, rented, or leased. The project must return enough revenue to pay off all of the financing and result in a profit. Finally, the most important consideration is location.