Bankruptcy Law Quiz
Test your knowledge of bankruptcy law with this comprehensive quiz.
Full Name
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First Name
Last Name
Email Address
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example@example.com
Which of the following is NOT a type of bankruptcy under U.S. law?
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Chapter 7
Chapter 11
Chapter 13
Chapter 20
Select all parties who may file for bankruptcy.
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Individuals
Corporations
Government Agencies
Partnerships
Other
What is the primary purpose of bankruptcy law?
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To punish debtors
To provide relief to creditors
To provide a fresh start for debtors
To increase government revenue
Which debts are typically NOT dischargeable in bankruptcy?
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Student loans (with rare exceptions)
Child support
Credit card debt
Recent taxes owed
In Chapter 13 bankruptcy, a debtor proposes a
Repayment Plan
to repay creditors over time.
Rate your familiarity with bankruptcy court procedures.
1
2
3
4
5
Which of the following best describes an "automatic stay" in bankruptcy?
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A court order to freeze all assets
A temporary halt to most collection activities
The dismissal of a bankruptcy case
A requirement to attend credit counseling
Match the bankruptcy chapter to its description.
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Rows
Liquidation (assets sold to pay creditors)
Business reorganization
Individual repayment plan
Select the correct chapter for each description
Chapter 7
Chapter 11
Chapter 13
Chapter 7
Chapter 11
Chapter 13
Chapter 7
Chapter 11
Chapter 13
Briefly explain why someone might choose Chapter 13 over Chapter 7 bankruptcy.
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