QUESTION 1 Chapter 7 ofthe Bankruptcy Code provides for 0 a. liquidation proceedings. 0 b.the reorganization of the obligations of the debtor. '5 c. the adjustment ofdebts ofbusinesseenot individuals. 0 d.the adjustment of debts of individualsnot husinesses. QUESTION 2 Under Chapter 13, a plan must provide for the payment of all of the debtor's obligations in lll. 0 True 0 False QUESTION 3 A Chapter 13 proceeding is more expensive and complicated than a Chapter 11 or Chapter 7 proceeding. 0 True 0 False QUESTION 4 Under Chapter 7, at a meeting of creditors, one of the creditors is elected to take over the debtor's assets. 0 True 0 False QUESTION 5 A debtor who makes false statements Imder oath may be denied a discharge of his or her dehts in the bankruptcy proceeding. 0 True 0 False QUESTION 6 In a Chapter 7 proceeding, secured creditors' claims have priority over the claims of unsecured creditors. 0 True 0 False QUESTION 1 In Chapter 11 proceedings, a debtor is allowed to continue in business. 0 True 0 False QUESTION 8 Voluntary petitions may be led to initiate Chapter 7 or Chapter 11, but not Chapter 13, bankruptcies. 0 True 0 False