Business Law Chapter 32 3 what is the status of the exemption she claimed on the residence

subject Type Homework Help
subject Pages 11
subject Words 1317
subject Authors Carrie Williamson, Daniel Herron, Linda Barkacs, Lucien Dhooge, M. Neil Browne, Nancy Kubasek

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page-pf1
48.
(p. 720)
Which of the following is
false
regarding Chapter 13 of the bankruptcy code?
49.
(p. 721)
Which of the following provides for adjustment of debts of family farmers?
page-pf2
50.
(p. 722)
Which of the following is
false
regarding Chapter 12 of the bankruptcy code?
page-pf3
51.
(p. 707)
Which of the following is true regarding the involuntary petition for bankruptcy filed by
some of Mona's creditors?
page-pf4
52.
(p. 707)
If Mona convinces the judge that the creditors have filed the involuntary bankruptcy
frivolously, which of the following is true regarding what amounts, if any, the court may force the
creditors to pay?
page-pf5
53.
(p. 709)
Assuming that Mona does not object to the bankruptcy proceeding, what is the next step
that should occur?
page-pf6
54.
(p. 709; 715)
Which of the following is true regarding the claims of Mona's ex-husband for
alimony?
page-pf7
55.
(p. 706)
Once the petition is filed, which of the following forms Sidney's bankruptcy estate?
page-pf8
56.
(p. 711)
What is the status of the exemptions she claimed in the car and jewelry?
page-pf9
57.
(p. 712)
What is the status of the exemption she claimed on the residence?
page-pfa
58.
(p. 711)
What is the status of the exemption she claimed for individual retirement account funds?
page-pfb
59.
(p. 713)
Assuming Mindy's mother received more than would have been received through
bankruptcy proceedings, which of the following is the most likely result of a claim of preferential
payment based upon the payment to the mother?
page-pfc
60.
(p. 713)
Assuming the business partner received more than would have been received through
bankruptcy proceedings, which of the following is the most likely result of a claim of preferential
payment based on the payment to the business partner?
page-pfd
61.
(p. 713)
Which of the following is the most likely result of a claim of preferential payment based
on the payment to the jewelry store?
page-pfe
62.
(p. 702)
What are the two general goals of bankruptcy laws as set forth in the text?
63.
(p. 702-703)
Set forth the reasons cited for the comprehensive changes to bankruptcy law
included in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
page-pff
64.
(p. 705)
Set forth the set of procedures that must be taken in every bankruptcy case.
page-pf10
65.
(p. 707)
Denise, who has several credit cards and lots of unsecured debt, cannot make her
payments but does not want to file for bankruptcy protection. She knows that you are taking
business law and asks you whether she can be forced into Chapter 7 bankruptcy and, if so, under
what circumstances. What would you tell her?
page-pf11
66.
(p. 715)
Set forth the first four classes of priority claims among unsecured creditors in a Chapter 7
bankruptcy case in order of priority.
67.
(p. 717)
Which of the following behavior may cause a court to not discharge a debt in a Chapter 7
bankruptcy proceeding?

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