Author Question: Which of the following statements is correct concerning the voluntary filing of a petition of ... (Read 26 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?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

For a complete list of videos, visit our video library