Monica's husband is an accountant who keeps the books for her business. When it goes bankrupt, will Monica's husband's claim for services be allowed by the bankruptcy courts?
A) No, since he is an insider.
B) No, because it would be difficult to prove that services were actually rendered.
C) Yes, but only up to the reasonable value.
D) Yes, as long as he is not an officer of the corporation.
Correct Answer:
Verified
Q41: John's brother, Phil, loaned him $10,000 to
Q42: Ken loaned Barbara $8,000 and took back
Q43: Which of the following debts are dischargeable
Q44: Which of the following is NOT true
Q45: Pre-judgment attachment permits a creditor to seize
Q47: In March, Margaret made a loan to
Q48: All but which one of the following
Q49: Edith files a Chapter 7 petition in
Q50: A Chapter 13 plan of reorganization may
Q51: Discharge relieves the debtor in bankruptcy from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents