Which statements are true concerning the bankruptcy code


Question: Which of the following statements are true concerning the Bankruptcy Code? Select all that apply. A. The Bankruptcy Code is a state law. B. The Bankruptcy Code provides that debtors may seek voluntary protection under the code. C. The Bankruptcy Code Amendments and Federal Judgeship Act of 1984 provided for the creation of a system of federal bankruptcy courts. D. The filing of a voluntary bankruptcy petition is tantamount to admitting criminal liability. E. The authority for the Bankruptcy Code derives from the United States Constitution. F. There are, fundamentally, two alternative paths under the Bankruptcy Code - reorganization and liquidation - although it is possible for a reorganization to be converted into a liquidation.

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