What is the primary role of a debtor in possession in Chapter 11 bankruptcy?
Avoiding Powers of Debtor in Possession

Interactive Video
•
Business, Social Studies
•
University
•
Hard
Quizizz Content
FREE Resource
Read more
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To close the business
To pay off secured creditors first
To recover preferential and fraudulent payments
To liquidate all assets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered a preferential payment?
A payment made to an employee
A payment made to a secured creditor
A payment made within 90 days before bankruptcy that gives a creditor more than they would receive in Chapter 7
A payment made for routine business expenses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a defense against a claim of preferential payment?
Payment made in the ordinary course of business
Payment made to a family member
Payment made to a new creditor
Payment made after bankruptcy filing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a defense against preferential payment claims?
Payment to an insider
Ordinary course of business
Purchase money for collateral
Contemporaneous exchange of value
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What defines a fraudulent payment in the context of bankruptcy?
A payment made to a government agency
A payment made for routine business expenses
A payment made with the intent to hinder, delay, or defraud creditors
A payment made to a secured creditor
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How far back can a debtor in possession look to recover fraudulent payments?
5 years
1 year
90 days
2 years
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following scenarios could be considered a fraudulent transfer?
Making a routine payroll payment
Paying a utility bill
Transferring an asset for significantly less than its value
Selling equipment for its full market value
Similar Resources on Quizizz
3 questions
Role of Trustee in Bankruptcy

Interactive video
•
University
6 questions
Cramdown of Chapter 11 Bankruptcy Plan

Interactive video
•
University
4 questions
Real Estate - Creditor Rights and Remedies

Interactive video
•
University
3 questions
Authority of Debtor in Possession to Secure Post-Petition Financing

Interactive video
•
University
6 questions
Coronavirus Cash Crisis: What Should I Ask My Credit Card Companies?

Interactive video
•
University
6 questions
Primary Participants in Bankruptcy Process

Interactive video
•
University
2 questions
Authority of Debtor in Possession to Secure Post-Petition Financing

Interactive video
•
University
6 questions
Role of Trustee in Bankruptcy

Interactive video
•
University
Popular Resources on Quizizz
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade