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Bankruptcy

Authored by Deron Reinders

Business

9th - 12th Grade

Used 8+ times

Bankruptcy
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bankruptcy is classified into how many categories

1

2

3

4

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This involves the sale of assests; exchanging goods for cash

Liquidate

emancipation

retribution

socialism

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of bankruptcy is intended to rebuild/repair the debtor/creditor relationship

Chapter 7

Chapeter 11

Chapter 12

Chapter 13

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of bankruptcy is for individuals only

Chapter 7

Chapter 11

Chapter 12

Chapter 13

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of bankruptcy allows farmers to get out of debt without selling their assests

Chapter 7

Chapter 11

Chapter 12

Chapter 13

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of bankruptcy allows the business owner to reogranize/restucuture their business to pay of their debt.

Chapter 7

Chapter 11

Chapter 12

Chapter 13

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Declaring bankruptcy will be reflected on your credit report for how many years?

7

8

10

11

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