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70. Because the purpose of a Chapter 7 proceeding is to provide a debtor with a fresh start, a di scharge under Chapter 7 frees a debtor of ALL of his or her debts. a. True b. False 71. In a Chapter 11 proceeding, a debtor corporation and its creditors agree on a plan under wh ich the corporation pays a portion of its debt. a. True b. False 72. Under Chapter 13, all debts are dischargeable. a. True b. False 73. With respect to debtors, the main goal of bankruptcy law is to a. encourage the continued use of credit. b. ensure that third parties will continue to guarantee loans c. provide a new start without creditors' claims. d. shield assets from creditors' claims. 74. With respect to creditors, the main goal of bankruptcy law is to ensure that creditors will continue to lend to insolvent debtors. b. protect creditor assets from diminution in value. c ensure equitable treatment in the competition for debtor assets. make all debtor property available for all creditor claims. 75. All bankruptcy proceedings are held in a. federal bankruptcy courts. b. state bankruptcy courts. C. special cross-jurisdictional debtors courts d. local small-claims courts. 76. Chapter 7 of the Bankruptcy Code provides for a. the adjustment of debts of individuals-not businesses. b. liquidation proceedings. c. the reorganization of the obligations of the debtor. d. the adjustment of debts of businesses--not individuals

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