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All types of bankruptcies discussed in class may provide for discharge of debts. True False QUESTION 6 An execution \& levy is an order directing the sheriff to seize and sell assets of the debtor. True False The first step in every bankruptcy proceeding is the filing of a petition with the court. True False All types of bankruptcies discussed in class may be commenced either voluntarily or involunarily. True False Repayment plan bankruptcy is only available to individuals. True False A financing statement's validily may be extended by filing a continuation statement prior to the expiration of a filed financing statement. True False Outside of a bankruptcy proceeding, the "homestead exemption" is avallable only when a judgment creditor seeks to enforce the judgment by forcing the sale of the Judgment debtor's primary residence True False






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