In addition to financial statements, each voluntary petition in bankruptcy must include
A)a plan outlining how debt payments will be made.
B)a certificate proving the receipt of credit counseling.
C)a creditors' agreement allowing the debtor to continue in business.
D)a statement of preference for one creditor over another.

Question

Quizplus · Accepted Answer

A certificate proving the receipt of credit counseling is required as part of the documentation for a voluntary petition in bankruptcy. This is to ensure that the debtor has received professional advice on handling their financial situation before resorting to bankruptcy.

In Addition to Financial Statements, Each Voluntary Petition in Bankruptcy