Asked by Melainah Alford on Jul 15, 2024

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The only individuals specifically excluded from filing under Chapter 11 are:

A) commodity brokers and stockbrokers.
B) chartered accountants.
C) lawyers and judges.
D) real estate developers.

Chapter 11

A provision of the U.S. Bankruptcy Code that allows for reorganization under the bankruptcy laws of the United States.

Commodity Brokers

Professionals who act as intermediaries in the buying and selling of commodities, such as agricultural products, metals, and energy resources, on behalf of clients.

Stockbrokers

Professionals who buy and sell securities on behalf of their clients for a fee or commission.

  • Determine the qualification requirements for various bankruptcy filings.
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TM
Thristan MercadoJul 21, 2024
Final Answer :
A
Explanation :
Commodity brokers and stockbrokers are excluded from filing for Chapter 11 bankruptcy as they have specialized procedures for addressing financial distress. The other options (chartered accountants, lawyers, judges, and real estate developers) are not specifically excluded from filing under Chapter 11.