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Question
A debtor does not need to be insolvent to file for bankruptcy relief.Answer
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Wilbur files a petition in bankruptcy for relief through an individual's repayment plan. Wilbur is granted a discharge. Debts that will not be discharged include claims for
A.contributions to employee benefit plans.
B.money to be paid for services not rendered.
C.fraudulently incurred debt.
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Petulia is a debtor. Her employer Quantum Investments, Inc., her alma mater State University, and TimePay Credit Company are her creditors. For these parties, a petition in bankruptcy for relief through an individual's repayment plan could be filed on Petulia's behalf by Petulia and
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To adjust debt and institute a repayment plan, Charlie-who is not a corporation, a partnership, or a family farmer or fisherman-may file a petition in bankruptcy for relief through
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A director usually serves on a corporation's board for a life term.
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An individual director does not act as an agent to bind the corporation.
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A.contribute to the operations of national stock exchanges.
B.disclose financial and other information about its securities.
C.engage in market surveillance to deter undesirable practices.
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Pumping up a company occurs when a single person using multiple aliases on an online forum creates the illusion of widespread interest in a stock.
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"Forward-looking" financial forecasts are prohibited under SEC Rule 10b-5.
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The Securities Exchange Act of 1934 provides for continuous, periodic disclosures by publicly held corporations.
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An employer with fewer than fifteen employees is automatically shielded from federal employment discrimination laws.