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knbst12 knbst12
wrote...
Posts: 323
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6 years ago
BAPCPA classifies alimony, maintenance, and child support payments as domestic support obligations (DSOs) and subject to ________ in bankruptcy proceedings.
 
  A) Strict scrutiny
  B) Notice and comment
  C) First priority
  D) Ultimate consideration



Q. #2

Compensation is designed to put the non-breaching party in the position he would have been in had the contract not been ________.
 
  Fill in the blank(s) with correct word



Q. #3

Generally speaking, federal courts allow cameras in the actual courtroom.
 
  Indicate whether the statement is true or false



Q. #4

Feedback from an interview is only important if you do not receive a job offer.
 
  Indicate whether the statement is true or false



Q. #5

Recognize the power the Bankruptcy Code has to discharge certain debts. Are there any types of debt that the Bankruptcy Code will not discharge?
 
  What will be an ideal response?



Q. #6

If the debtor obtained credit fraudulently, and the creditor can prove it, debt in connection with the credit card may be ruled ________.
 
  Fill in the blank(s) with correct word



Q. #7

The trustee may file an adversary proceeding against the debtor to ask the court to deny discharge or dismiss the case if the debtor has been ________ or ________with the trustee.
 
  Fill in the blank(s) with correct word



Q. #8

A debtor who wishes to assert extreme hardship in connection with his or her student loans could initiate a(n) ________ seeking to render this debt nondischargeable.
 
  Fill in the blank(s) with correct word
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Replies
wrote...
6 years ago
(Answer to Q. 1)  C

(Answer to Q. 2)  breached

(Answer to Q. 3)  FALSE

(Answer to Q. 4)  FALSE

(Answer to Q. 5)  The effect the Bankruptcy Code has on the debtor's dischargeable debt is powerful. Under 11 U.S.C. 524(a)(1)(2), the discharge of debt through bankruptcy acts as a statutory injunction against any collection efforts the creditor asserts. In other words, not only is it unlawful for the creditor to pursue the debtor after the petition has been filed, it is equally, if not more, unlawful for the creditor to pursue the debtor post-discharge.

According to 11 U.S.C. 523, certain debts cannot be discharged through bankruptcy. For one reason or another, Congress deemed the discharge of certain debts to be against public policy. Against public policy means that Congress felt that absolving individual or business debtors of certain debts would not be in the interest of promoting the public good. These types of debts are viewed not merely as debts but as obligations.

(Answer to Q. 6)  nondischargeable

(Answer to Q. 7)  uncooperative; dishonest

(Answer to Q. 8)  adversary proceeding
knbst12 Author
wrote...
6 years ago
Cheers!!
wrote...
6 years ago
Cheers too
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