V. ANSWERS TO PROBLEMS AND PROBLEM
CASES:
1. The court considered the CR to be an exempt “household good” but denied the exemption
for
2. No. The court held that the plain reading of the term ‘dwelling house” does not include
a
1
3. Yes. The Bankruptcy Act gives the trustee the power to avoid fraudulent transfers
of
property by the debtor. Under Florida law, any “transfer of property made with intent
to
4. Yes. The court found that with a degree in business, Hott’s claim of innocence about
the
importance of the omission was not credible. He was familiar with the concept
of
debt/income ratios and could easily have determined what inclusion of the student loan on
his
5. The court held that the default judgment against Scholz arising out of the automobile
accident
was
non-dischargeable;
even though he claimed to have been only negligent in the
operation
Chapter 30- Bankruptcy
6. No. It was not reasonable for an unemployed debtor with minor children and a very
low
income to reaffirm a debt on a luxury automobile accompanied by very high payments.
The
7. The bankruptcy court dismissed Boyce’s chapter 7 case on the grounds of bad faith
and
abuse. The court determined that Boyce had acted in bad faith at the time of filing because
he
misrepresented his income and his liabilities, he purchased consumer goods that he did
not
8. No. The appeals court held that the district court had no authority to distribute funds
to
claimants prior to the allowance of claims of women would benefit from the fund and prior
to
9. Yes. Under the proposed plan, Kelly would pay off only a very small proportion of
his
unsecured debt. Over one-half of the debt is owed to Capitol, and this debt would
be