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Chapter 16

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All bankruptcy petitions are subject to:
a. Federal claims court jurisdiction
b. U.S. Tax court jurisdiction
c. Supreme court jurisdiction
d. U.S. district court jurisdiction
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Terms in this set (66)
5. The Office of U.S. Trustee is responsible for all but which of the following functions?
a. Administering bankruptcy cases
b. Officiating in court on matters of interest to the debtor's estate and creditors
c. Overseeing and monitoring trustees
d. Reviewing employees and fee applications
e. The Office of U.S. Trustee is responsible for all of the above functions
8. When fraud examiners investigate a bankruptcy or divorce resulting from fraud, where do they focus?
a. Activity shortly before the bankruptcy filing or divorce
b. Activity after the bankruptcy filing or divorce
c. Activity several years prior to the bankruptcy filing or divorce
d. Activity throughout the individual's entire life
10. The Bankruptcy Fraud section of the Bankruptcy Code, as it relates to criminal fraud, makes it a crime to do which of the following in executing or concealing a fraud scheme?
a. File a bankruptcy petition
b. File a document in a bankruptcy proceeding
c. Make a false or fraudulent representation, claim, or promise with respect to a bankruptcy proceeding
d. All of the above
11. Which of the following statements correctly describes the part of an adjuster in divorce cases?
a. Investigates allegations of fraud or misconduct by the debtor or its principals as an advocate of the other party
b. Investigates for instances of hiding assets in a chapter 11 filing
c. Investigates claims against a debtor to determine whether or not they are valid
d. Assists the trustee by performing such duties as securing business facilities and assets, locating assets of the debtors estate and arranging asset sales
15. Which of the following statements correctly depicts duties of court appointed trustees?
a. Trustees identify and collect a debtor's assets and then allocate those assets to creditors in an orderly manner.
b. Trustees review fee applications, motions to appoint trustees and examiners, motions to convert or dismiss a case, and other pleadings.
c. Trustees investigate criminal complaince in bankruptcy cases.
d. Trustees testify in bankruptcy cases.