Author Question: Which of the following statements is correct concerning the voluntary filing of a petition of ... (Read 81 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
Which of the following statements is correct concerning the voluntary filing of a petition of bankruptcy?
 a. If the debtor has 12 or more creditors, the unsecured claims must total at least 15,325.
  b. The debtor must be solvent.
  c. If the debtor has less than 12 creditors, the unsecured claims must total at least 15,325.
  d. The petition may be filed jointly by spouses (AICPA adapted).

Question 2

Companies must constantly monitor their water pollution and report what they are dumping in discharge monitoring reports, even if it shows they are violating the law.
 a. True
  b. False
  Indicate whether the statement is true or false



cascooper22

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

.D

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

For a complete list of videos, visit our video library