Asked by Travis Williams on Jun 08, 2024
Verified
The Bankruptcy Code has________ chapters.
A) three
B) five
C) eight
D) thirteen
Bankruptcy Code
The body of federal law that governs bankruptcy proceedings in the United States.
- Recognize the various chapters of the Bankruptcy Code and their specific purposes.
Verified Answer
JM
jaime mcintoshJun 09, 2024
Final Answer :
C
Explanation :
The Bankruptcy Code, as part of the United States Code, contains nine chapters, but not all are used for filing bankruptcy cases. The commonly referenced chapters for bankruptcy filings include Chapters 7, 11, 12, and 13, among others, totaling eight active chapters used for various types of bankruptcy cases.
Learning Objectives
- Recognize the various chapters of the Bankruptcy Code and their specific purposes.