Multiple Choice Questions

1. According to estimates from the U.S. Department of Justice (DOJ), what percentage of bankruptcy cases involves fraud?

a. 1 percent.

b. 5 percent.

d. 10 percent.

d. 15 percent.

2. Which of the following is technically not bankruptcy fraud?

a. Concealing property from bankruptcy proceedings.

b. Making a false oath or account in relation to a bankruptcy case.

c. Making a false proof of claim.

d. None of these.

3. Receiving a material amount of property from the debtor with intent to defeat the Bankruptcy Code would be subject to a maximum penalty of a fine plus how much time in prison?

a. 1 year.

b. 5 years.

c. 10 years.

d. 20 years.

4. Falsifying documents in a bankruptcy proceeding could lead to a maximum prison sentence of how much time?

a. 1 year.

b. 5 years.

c. 10 years.

d. 20 years.

5. Which of these is the most common type of bankruptcy fraud?

a. Concealment of assets.

b. Fraudulent transfers of assets.

c. Fraudulent claims.

d. None of these.