4. Per article Finding Assets Postmorten the most difficult part of recovering a

Question

4. Per article Finding Assets Postmorten the most difficult part of recovering assets of a deceased individual or bankrupt entity is the possible lack of cooperation.

True or False

5. The level of scrutiny relative to possible concealed assets in a divorce case is normally higher than that in a bankruptcy case.

True or False

6. Per article Tracing Exempt or Immune Assets in a Divorce In a divorce when assets are exempt or immune from equitable distribution means that they remain the separate property of only one of the parties to the divorce and will not be divided between the parties as would other marital property.

True or False

7. Concealment of assets is the most common type of bankruptcy fraud. .

True or false

8. Per the article How To Conduct An Assets Search most hidden assets are of the liquid variety – bank accounts, stocks, bonds and mutual funds.

True or false

9. Per article Goodwill in a Divorce The difference between the value of the company’s tangible assets and the whole company value would then represent the business/practice goodwill.

True or false

Explanation / Answer

Here is the answer to your question:-

4) This statement is True. The most difficult part of recovering assets of a deceased individual or bankrupt entity is the lack of cooperation from the people. People doesn't follow the norms and are not ready to cooperate with the proceedings so dealing with them is very difficult.

5) This statement is False. The level of scrutiny to possible concealed assets in a divorce is less than that in a bankrupt cases.

6) This statement is True. In case of divorce, the exempt or immune assets form quitable distribution are remain the separate property of only one of the parties to the divorce. It will be not divided between the parties like other martial property.

7) This statement is True. Concealment means hiding something so concealment of assets is the most common type of bankruptcy fraud.

8) This statement is False. The most common hidden assets are of fixed variety like real estate, fixed assets, offshore bank accounts, etc.

9) This statement is False. The difference between the value of the company's tangible assets and the whole company value is not the value of goodwill. Goodwill is the intangible fixed asset of the company.

I hope you are satisfied with the answers :-)

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