1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rudiy27
3 years ago
7

How many types of bankruptcy cases are provided for in the Bankruptcy Code?

Business
1 answer:
Alenkasestr [34]3 years ago
7 0
The answer is b. 6

There are 6 types of bankruptcy outlined by title 11 of the United States Codes. Those cases are :

- Chapter 7
Bankruptcy governs the process of liquidation. Designed for debtors in financial difficulity who do not have the ability to pay their debt

- Chapter 9
Bankruptcy available exclusively for municipalities

- Chapter 11
Which designed for reorganization of a business

- Chapter 12
Similar to cahpter 11, but only apply for farmers and fishermen

- Chapter 13
Which designed for debt rehabilitation

- Chapter 15
If the bankruptcy case involve some assets that was spread across the country


You might be interested in
You plan on making a $235.15 monthly deposit into an account that pays 3.2% interest, compounded monthly, for 20 years. At the e
erma4kov [3.2K]

Answer:

Monthly payment = $769.27

Explanation:

First we have to determine the future value of the ordinary annuity:

Payment = $235.15

N = 20 * 12 = 240

Rate = 3.2% / 12 = 0.267%

Using a financial calculator and the FV function, the FV = $78,910.41

Again, using the financial calculator or Excel, you can determine the monthly payment:

N = 10 / 12 = 120

Rate = 0.267%

PV = $78,910.41

FV = $0

Monthly payment = $769.27

8 0
3 years ago
The amount of a real estate broker's commission is
zvonat [6]

In India, the majority of properties are sold with the help of a real estate broker or agent. When the broker helps a seller and buyer get in touch with each other and both the parties agree to engage in the transaction, then both the parties are required to pay a certain %age of the property value as a fee to the real estate broker. Read below to know about the real estate broker commission rates India:

There are no specific guidelines laid for the commission paid to real estate brokers. In India, real estate agents usually ask the seller and the buyer to pay 1-2% of the deal value as their commission, also known as the real estate brokerage fee.

8 0
2 years ago
The production possibilities frontier will shift outward
Ber [7]

Answer:

E. if technological advances occur is the correct answer.

Explanation:

6 0
3 years ago
Give any two merits and demerits of the partnership firm
fiasKO [112]

Answer:

w

Explanation:

w

8 0
3 years ago
Read 2 more answers
Individuals who provide baby-sitting and lawn-mowing services are<br> viewed by the IRS as?
kati45 [8]

Answer: Household employees, for the babysitting one, occasionally nann(y/ies) or babysitter(s)

Explanation:

6 0
3 years ago
Other questions:
  • Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,000,000 shares of $10 par common
    11·1 answer
  • Which of the following is true concerning temporary and permanent accounts?A. Cash is a temporary accountB. Permanent accounts r
    11·1 answer
  • Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. Current liabilities $ 180 Income before inte
    7·1 answer
  • How could a mixed economy best incorporate aspects of both market and command economic strategies to maintain their associated b
    7·1 answer
  • When total revenues fall below total costs, production should end. However, if marginal revenue exceeds variable cost, productio
    6·1 answer
  • Jameson Corporation was organized on May 1. The following events occurred during the first month.
    7·1 answer
  • Which type of training would be considered vocational training?
    9·2 answers
  • On March 15, a fire destroyed Blossom Company's entire retail inventory. The inventory on hand as of January 1 totaled $5300000.
    8·1 answer
  • 5. Customers' service expectations are
    10·1 answer
  • Tanouye Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Ho
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!