English Conversation Practice - Filing for Bankruptcy

Jim: I think the owner is going to file for bankruptcy.
David: How do you know?
Jim: He's been talking to a bankruptcy lawyer.
David: What should we do?
Jim: We need to start looking for another job.
David: Maybe he's just getting some advice.
Jim: I'm not taking any chances.

1. What does Jim think the owner is going to do?
Give everyone raises
Promote Jim
Open another business
File for bankruptcy

2. Who has the owner been talking to?
Accountant
Doctor
Bankruptcy lawyer
Divorce lawyer

3. What is Jim going to do?
Look for another job
Confront the owner
Sue the company
Go on a business trip