Author Question: The pro rata formula for distributing funds that are not sufficient to cover all liens means that ... (Read 84 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
The pro rata formula for distributing funds that are not sufficient to cover all liens means that the amount is distributed equally among the lien holders.
  Indicate whether the statement is true or false

Question 2

A debtor may recover damages against any creditor who filed an involuntary bankruptcy petition against the debtor in bad faith.
  Indicate whether the statement is true or false



skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

FALSE

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For a complete list of videos, visit our video library