Bankruptcy 

Welcome to the Bankruptcy Web-Based Learning Activity

Instructor: LaVaysha S. Lewis

Course & Grade Level: Entrepreneurship-Grade 10

NBEA Standard: Business Law-Bankruptcy

NBEA Achievement:
Business Law: VI. Commercial Paper, Insurance, Secured Transactions, Bankruptcy
Achievement Standard: Analyze the functions of commercial paper, insurance, secured transactions, and bankruptcy.

• D. Bankruptcy

• Level 3 Performance Expectations
• Describe and discuss the various aspects of bankruptcy
• Compare the differences between voluntary bankruptcy and involuntary bankruptcy cases

Within the past five years, we have had several well-known corporations file for bankruptcy which has created a major change in the United States corporate accounting practices. We, as the people of the United States, need to understand the law of Bankruptcy and its entirety because it has not only effected our economy and businesses, but it effects many Americans everyday. It is imperative as citizens of this country to be able to make the correct and appropriate decisions regarding bankruptcy.

Directions:

1. Open up a new, blank Microsoft Office Word document
2. At the top of the page, write your name, date, and class at the top left-hand side of your paper.
3. Place the name of the assignment, Bankruptcy Web-Based Assignment, in the center of your page.

(The assignment title should be bold and underlined.)
4. Write the question and the answer to each question given in the activities page of this website.
5. Use the links provided on the activities page to find the answer to each question.
6. Save all of your work to a disk that will be submitted with a hard copy of your assignment on February 8, 2006.
7. Save the document as your initials and web_assignment. (i.e. llweb_assignment)

*Helpful Hints towards obtaining a good grade:

• Use your own words when answering the questions.
• Be sure to write in complete sentences.

To view the references for this assignment, click here.