Bankruptcy
Quiz
•
Business
•
9th - 12th Grade
•
Hard
Deron Reinders
Used 8+ times
FREE Resource
10 questions
Show all answers
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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