 Question 1

10 out of 10 points
According to the law on bankruptcy 2014, which of the following enterprises is
considered as insolvent?
Selected
Answer:
c. A&Z Private enterprise has still not paid off its 1 million dong due
debt for over 180 days.
Answers: a. Thuong Tin Limited Liability Company is unable to pay 10 billion
dong due debt for about 60 days.
b. Binh Minh Joint Stock Company has no property left and took out a
loan from a bank to pay off its 3 billion dong due debt.

c. A&Z Private enterprise has still not paid off its 1 million dong due
debt for over 180 days.
d. All of above
 Question 2
0 out of 10 points
According to the law on bankruptcy 2014, who can request for a bankruptcy
process in the following case? Jesson Limited Liability Company has three
members including An (25% of the charter capital), Thinh (45% of the charter
capital), and Thuong (30% of the charter capital). Thuong is the representative in
law and Thinh is the chairman of the member s council. In 2013, the company
mortgaged its office which was valued at 10 billion dong to get 6 billion dong loan
from Citybank.
Selected Answer:
b. An, Thuong and Thinh
Answers:
a. Thuong and Thinh
b. An, Thuong and Thinh
c. An, Thuong, Thinh and Citybank
d. Thuong, Thinh and Citybank
 Question 3
10 out of 10 points
According to the law on bankruptcy 2014, to whom will a bankruptcy request be
sent to in the following case? Steel Joint Stock Company (hereafter Steel) is a
foreign invested company located in Binh Thanh, Ho Chi Minh City. In 2015, Steel
built a factory in Singapore to expand its business. By June 2016, Steel had not
paid off its 20 billion dong debt which had been due since February 2016.
Selected Answer:
b. Ho Chi Minh people s court
Answers: a. Ho Chi Minh City department of planning and investment

b. Ho Chi Minh people s court

c. Binh Thanh people s court
 d. The people s high court in Ho Chi Minh city
 Question 4
0 out of 10 points
According to the law on bankruptcy 2014, in order to resume business operations,
the following insolvent enterprise needs at least approvals
of__________________ in the following case. In 2013, Mezamart Limited Liability
Company took out a 10 billion dong loan from Daikin Joint stock company which
was secured by a property valued at 8 billion dong, while it borrowed from Toan 2
billion dong and from Huong 1 billion dong. In 2014, the company entered into a
construction contract, which was valued at 15 billion dong, to build a factory in
Binh Duong with Becamex Limited liability Company. In December 2015, the
company was in an insolvent situation and decided to request for a bankruptcy
process. Til December 2015, the company still owed Becamex Limited Liability
Company 5 billion dong. Daikin Joint Stock Company disagrees with the resolution
on resuming the business operation.
Selected Answer:
a. Becamex Limited Liability Company
Answers: a. Becamex Limited Liability Company
b. Toan, Huong and Becamex Limited Liability
Company

c. Toan and Becamex Limited Liability Company

d. Huong and Becamex Limited Liability Company
 Question 5
0 out of 10 points
According to the law on bankruptcy 2014, which of the following posts can
managers of bankrupt enterprises not hold within 3 years?
Selected Answer:
d. None of above
Answers: a. Head of financial department
b. A chief accountant

c. A general partner of a partnership company

d. None of above
 Question 6
0 out of 10 points
According to the law on bankruptcy 2014, which of the following enterprises is not
considered as insolvent?
Selected
Answer:
c. A&Z Private enterprise has still not paid off its 1 billion dong due
debt for over 180 days.
Answers: a. Thuong Tin Limited Liability Company is unable to pay 1 million
dong due debt for more than 4 months.
 b. Binh Minh Joint Stock Company has no property left and took out a
loan from a bank to pay off its 3 billion dong due debt.
c. A&Z Private enterprise has still not paid off its 1 billion dong due
debt for over 180 days.
d. Both a and b
 Question 7
10 out of 10 points
According to the law on bankruptcy 2014, who can request for a bankruptcy
process in the following case? OTS Limited Liability Company has three members
including Ngoc (25% of the charter capital), Thang (65% of the charter capital),
and Duy (10% of the charter capital). Ngoc is the representative in law and Duy is
the chairman of the member s council. In 2013, the company mortgaged its office
which was valued at 10 billion dong to take out a 6 billion dong loan from
Citybank.
Selected Answer:
c. Ngoc and Duy
Answers: a. Thang, Ngoc, Duy and Citybank
b. Thang, Ngoc and Citybank

c. Ngoc and Duy

d. Thang, Ngoc and Duy
 Question 8
0 out of 10 points
According to the law on bankruptcy 2014, to whom will a request for bankruptcy
process be sent in the following case? Bigbox private enterprise (hereafter
Bigbox) is a domestic company located in Hai Chau, Da Nang and has a factory in
Thu Dau Mot, Binh Duong. Until June 2016, Bigbox had not paid off its 50 billion
dong debt which was due in May 2016.
Selected Answer:
a. Da Nang People s court
Answers: a. Da Nang People s court
b. Hai Chau people s court
c. Binh Duong people s court

d. None of above
 Question 9
10 out of 10 points
According to the law on bankruptcy 2014, which of the following enterprises is
NOT insolvent?
Selected
Answer:
a. Hoang Ha limited liability company which has no property left got a
loan from a friend to pay off due debt of 3 billion dong.
Answers:
 a. Hoang Ha limited liability company which has no property left got a
loan from a friend to pay off due debt of 3 billion dong.
b. Binh Minh Joint stock company has not paid its director s salary for
6 months
c. Hoang Gia private enterprise has not paid 1 million dong under a
service contract for 1 years since the due day
d. None of above
 Question 10
10 out of 10 points
According to the law on bankruptcy 2014, which creditors can request for a
bankruptcy process?
Selected Answer:
d. Both b and c
Answers: a. Secured debt creditors
b. Unsecured debt creditors
c. Partly secured debt creditors

d. Both b and c