the answer is b. 6
There are 6 types of bankruptcy outlined by title 11 of the United States Codes. Those cases are :
- Chapter 7
Bankruptcy governs the process of liquidation. Designed for debtors in financial difficulity who do not have the ability to pay their debt
- Chapter 9
Bankruptcy available exclusively for municipalities
- Chapter 11
Which designed for reorganization of a business
- Chapter 12
Similar to cahpter 11, but only apply for farmers and fishermen
- Chapter 13
Which designed for debt rehabilitation
- Chapter 15
If the bankruptcy case involve some assets that was spread across the country
