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Which of the Following Is False Regarding Bankruptcy Proceedings

Question 61

Multiple Choice

Which of the following is false regarding bankruptcy proceedings?


A) Some type of payment plan is created and approved, usually by the creditors and the court.
B) Debts remaining after the plan is carried out are usually discharged.
C) Bankruptcy proceedings start with a finding of insolvency.
D) All bankruptcy cases begin with a filing of petition for bankruptcy.
E) The court determines whether an order of relief should be granted.

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