Author Question: Which of the following statements is correct concerning the voluntary filing of a petition of ... (Read 65 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?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

For a complete list of videos, visit our video library