Exam 19: Bankruptcy and Environmental Law

Bankruptcy filings in the United States were significantly reduced by the

Under the Superfund statute, potentially responsible parties face which of the following?

Bankruptcy court judges are appointed for terms of____ years.

Under the bankruptcy trustee's powers of avoidance, which of the following is an action he or she can take?

Once the initial bankruptcy is filed, litigation by creditors is suspended. This is called a(n)

A declaration made by a debtor concerning plans for dealing with consumer debts that are secured by property of the debtor is called a statement of

Susan files for bankruptcy. Her case will be heard in which of the following?

In reaction to concern about the effects of hazardous waste materials on the environment, Congress passed the _________, which required the EPA to establish regulations to monitor and control hazardous waste disposal and to determine which forms of solid waste should be considered hazardous and thus subject to regulation.

Which of the following is one of the most costly elements to any bankruptcy proceeding?

The______ requires that for every major federal action that significantly affects the quality of the environment, an environmental impact statement must be prepared.

The Clean Air Act covers pollution from which of the following?

Fred is an unsecured creditor. Jay is a secured creditor. Which of the following statements is true?

Which of the following statements is not correct regarding the Bankruptcy Code?

Navigable waters include which of the following?

Congressional authority to provide bankruptcy relief for debtors is based on which of the following?

A_______is the party owed debt in bankruptcy proceedings.

A(n) ________creditor is a lender, seller, or any other person in whose favor there is a security interest.

Which of the following is not a federal statute intended to protect the environment from water pollution?

Which of the following is not exempted by the Bankruptcy Code?

What is the purpose of the means test under Chapter 7? Describe briefly the dividing line that determines whether a debtor files under Chapter 7 or Chapter 13.