Which of the following is considered a debtor eligible for Chapter 7 relief in bankruptcy?

Question

Quizplus · Accepted Answer

A)Under Chapter 7 liquidation proceedings,individuals,partnerships,and
corporations are considered debtors.Railroads,insurance companies,banks,savings and loan associations,industrial banks,credit unions,and health maintenance organizations are not eligible for Chapter 7 relief.
B)Under Chapter 7 liquidation proceedings,individuals,partnerships,and corporations are considered debtors.Railroads,insurance companies,banks,savings and loan associations,industrial banks,credit unions,and health maintenance organizations are not eligible for Chapter 7 relief.
C)Under Chapter 7 liquidation proceedings,individuals,partnerships,and corporations are considered debtors.Railroads,insurance companies,banks,savings and loan associations,industrial banks,credit unions,and health maintenance organizations are not eligible for Chapter 7 relief.
D)Under Chapter 7 liquidation proceedings,individuals,partnerships,and corporations are considered debtors.Railroads,insurance companies,banks,savings and loan associations,industrial banks,credit unions,and health maintenance organizations are not eligible for Chapter 7 relief.
E)Under Chapter 7 liquidation proceedings,individuals,partnerships,and corporations are considered debtors.Railroads,insurance companies,banks,savings and loan associations,industrial banks,credit unions,and health maintenance organizations are not eligible for Chapter 7 relief.

Which of the Following Is Considered a Debtor Eligible for Chapter