QUESTION 23 2 points Chapter 11 reorganization may be involuntary but not volunt

Question

QUESTION 23 2 points Chapter 11 reorganization may be involuntary but not voluntary True False QUESTION 24 2 points Creating a mechanic's lien on property automatically ensures that the contractor who filed the lien will receive money True False QUESTION 25 2 points Creditors can attempt to force a debtor into bankruptcy by filing a[n] O Accusatory 0 Involuntary O Voluntary O Dispute petition under Chapter 7, Complaint UESTION 26 2 points For how long is a financing statement valid under the UCC, once the statement has been filed with a correct agency? 1 year 2 years 3 years 4 years 5 years

Explanation / Answer

Question 23: False

Like Liquidation, Reorganisation can also be voluntary or involuntary.

Question: 24 False

If a contract perform deficient work, the mechanic’s lien may not be enforced. Creating a lien does not ensure receipt of money.

Question 29: False

Piano is a personal Property & Mechanic can’t create lien on personal properties.

Question 25: Involuntary

A creditor can file application for liquidation of its debtor if he feels that debtor is losing his resources to pay his debts.

As per chegg policy we are allowed to answer only 4 questions at a time.

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