Quiz on Bankruptcy Credit Classification

What are the credits classified as 'a cargo de la masa'?

• Professional fees of the debtor's lawyer

• Necessary expenses for asset conservation

• Personal loans from family members

• Debts incurred before the declaration of bankruptcy

Which of the following is NOT included in the 'a cargo de la masa' credits?

• Funeral expenses for the debtor

• Remunerations for the bankruptcy process

• Legal fees for creditors

• Necessary expenses for asset conservation

What must happen if there is insufficient liquidity to pay 'a cargo de la masa' credits?

• Payments must be made immediately

• Creditors must wait for the next payment cycle

• Assets must be liquidated according to the law

• The court will automatically dismiss the claims

What is the priority of payment for creditors with special privileges?

• They are paid last

• They are not paid at all

• They are paid equally with common creditors

• They are paid first from the sale of the secured assets

Which of the following is considered a credit with special privilege?

• Utility bills

• Mortgages

• Unsecured personal loans

• Credit card debts

What happens if a creditor has multiple secured credits?

• The law will determine the order of preference

• They will be ignored

• They will be paid last

• They will be paid equally

What is the definition of common credits in bankruptcy?

• Credits not classified as special or subordinated

• Credits with special privileges

• Credits that have been paid off

• Credits that are guaranteed by collateral

Which of the following is a characteristic of subordinated credits?

• They are guaranteed by collateral

• They are paid before privileged credits

• They are paid after all common credits

• They are paid first

What must creditors do if they want to manage their payment directly with the bankruptcy administration?

• Contact the administration concursal

• Negotiate with the debtor

• Wait for the court to contact them

• File a lawsuit

In the case of food and labor creditors, what must they do to ensure immediate payment?

• File for bankruptcy themselves

• Communicate their needs to the tribunal

• Wait for the court's decision

• Negotiate with other creditors