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UWorld Roger CPA Review Question –
Concerning bankruptcy question:
First question concerns unsecured creditors Rice $3,000, Vick $4,500, Young $17,000, and Zinc $3,500. Rick + Vick + Zinc involuntary petitioned debtor into bankruptcy under chapter 7. If debtor opposes it –
Answer is: Upheld because three filing creditors are owed more than $15,325.
I think those three are only owed $11,000 so it should not have been upheld, correct? Must have been a typo because a similar question popped up later in the textbook and said it was NOT upheld. I don’t know which question is right so assist me please!
FAR 84 (AUG '15)
BEC 83 (AUG '15)
AUD 79 (OCT '15)
REG 71, 78! (NOV '15, FEB '16)
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