Question

Delilah files a petition in bankruptcy. The proceeding is governed by the Bankruptcy Code, which is part of

A) Federal Rules of Civil Procedure
B) Federal Trade Commission Act
C) Federal Bankruptcy Act
D) United States Code

Answer 1

Delilah's bankruptcy proceedings are governed by Title 11 of the United States Code, which is the primary legislation for federal bankruptcy law.

Step-by-step explanation:

Delilah's petition in bankruptcy is governed by the Bankruptcy Code. Among the choices provided, the correct governing body of law is the United States Code, specifically Title 11 of the United States Code, which is where the Federal Bankruptcy Law is located. Bankruptcy cases are heard in Federal Courts that have jurisdiction over such matters. Bankruptcy provides a legal way for individuals, businesses, or farms to have their debts forgiven or reorganized under the protection of the bankruptcy court.

Under Article I of the Constitution, Congress is empowered to establish uniform bankruptcy laws across the United States. The Federal Rules of Civil Procedure, the Federal Trade Commission Act, and other regulations may impact bankruptcy proceedings but do not hold the primary governance over such cases.