The Legal Environment of Business
Quiz 13: Bankruptcy
Under Chapter 5,the Individual Debtor Must Show Evidence That He
Under Chapter 5,the individual debtor must show evidence that he or she attended an approved nonprofit budget and counseling agency within 180 days before the filing of bankruptcy.
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In bankruptcy,the act of changing the chapter number filed from one to another is known as conversion.
If there has been a dismissal of a bankruptcy case,the debtors and creditors have same rights and remedies as they had prior to the case being commenced.
If a debtor's Chapter 7 bankruptcy is dismissed,he or she is ineligible to file for bankruptcy under any other chapter.
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