77) A petition commencing a case against a corporate debtor A) can be filed only under Chapter 7 of the bankruptcy act. B) can be filed only under Chapter 11 of the bankruptcy act. C) can be filed under either Chapter 7 or Chapter 11 of the bankruptcy act. D) will be determined by the trustee whether it shall be Chapter 7 or Chapter 11 of the bankruptcy act.

78) A primary difference between voluntary and involuntary bankruptcy petitions is that A) creditors file the petition in an involuntary filing. B) trustees are not used in a voluntary filing. C) voluntary petitions are not subject to review by the bankruptcy court. D) the debtor corporation files the petition in an involuntary filing.

79) Creditor committees are elected A) in all bankruptcy cases. B) in Chapter 7 cases. C) only in bankruptcy cases arising from involuntary petitions. D) in Chapter 11 cases.