or 34-Work Set Chapter 34 FALSE QUESTIONS TRUE-FALS solvent to file a voluntary petition. ay is a suspension of all judicial proceedings roceedings on the count A debtor must be insolvent to 2. An automatic stay is a 3. The same principles e principles govern the filing of a ci Giling of a Chapter 7 petition and a Chapter 11 mmenced by involuntary petition under Chapter 1 oction, the debtor is not allowed to A bankruptcy may be commen 5. Generally, in a bankruptcy pr 6. When a business debtor 7. No small business can av 8. Bankruptcy proceedings are 9. A discharge obtained by ankruptcy proceeding, any creditor's claim is allowed oss debtor files for Chapter 11 protection, the debtor is sess can avoid creditors' committees under Chapter 11. proceedings are held in federal bankruptcy courts. ve obtained by fraud can be revoked within one year