Author Question: Andy's business is not able to pay its debts, and the prospects for its finances to improve are ... (Read 104 times)

strangeaffliction · **on:** Jun 24, 2018

Andy's business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to continue the business. In this case, Andy should file a voluntary petition for which type of bankruptcy?
A)Chapter 7.
B)Chapter 11.
C)Chapter 13.
D)Chapter 12.

Question 2

The Himalaya Clause governs the liability captains of carriers for damage to goods being transported from one U.S. seaport to another U.S. seaport.
Indicate whether the statement is true or false