Multiple choice

1.   Terry has medical coverage under Medicare. From this fact alone, you can infer it's likely that Terry is     

A. in a long-term care facility.

B. age 65 or over.

C. disabled.

D. poor.

2.   Charlie files Chapter 11 bankruptcy. __________ creditors have the right to vote on the plan.     

A. Secured

B. All

C. No

D. Impaired

3.   Sally and Carl have received a foreclosure notice. The foreclosure sale is set to take place in seven days. They contact a bankruptcy attorney. The attorney tells them the foreclosure proceedings will be halted, at least temporarily, if they file bankruptcy, due to the     

A. state exemptions.

B. federal exemptions.

C. automatic stay.

D. means test.

4.   Tom is injured in a car accident caused by Fred. Tom's medical insurance pays Tom's medical bills. Which of the following statements is true?     

A. Fred is subrogated to Tom's rights against the medical insurer.

B. Tom is subrogated to the medical insurer's rights against Fred.

C. None of the parties have subrogation rights in this situation.

D. The medical insurer is subrogated to Tom's rights against Fred.