Multiple Choice
Which of the following is true of Chapter 12 of the United States Bankruptcy Code?
A) Under Chapter 12, family farmers and fishermen have a right to file for bankruptcy reorganization.
B) A plan for a Chapter 12 reorganization should provide for payments to creditors over no longer than a one-year period.
C) Chapter 12 grants a personal exemption for all farm or fishing equipment.
D) A debtor cannot convert a Chapter 12 reorganization to a Chapter 7.
Correct Answer:
Verified
Correct Answer:
Verified
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