Question

What are requirements for filing bankruptcy?

stable income is available to pay
off payment plan

debt is due to farming expenses

corporation files international
bankruptcy

filing is based on UN legislation

which go under chapter 12, and which go under chapter 15

Answer 1

Answer: Chapter 12- debt is due to farming expenses and stable income is available to pay off payment plan

Chapter 15- filing is based on UN legislation and corporation files international bankruptcy

Answer 2

Answer: Chapter 12- debt is due to farming expenses and stable income is available to pay off payment plan

Chapter 15- filing is based on UN legislation and corporation files international bankruptcy

Step-by-step explanation: