What is a closed bankruptcy? Under which circumstances would a bankruptcy case be reopened?
What will be an ideal response?
Q. 2In the case of a real estate transfer, if the transferee can prove that he or she had no ________ or ________ knowledge that the debtor-transferor filed for bankruptcy, the transferee may overcome the transfer.
Fill in the blank(s) with correct word
Q. 3When a bankruptcy case is converted, it is considered a(n) ________ of the original, not the beginning of a new case.
Fill in the blank(s) with correct word
Q. 4A(n) ________ in a bankruptcy case is treated much like a civil lawsuit would be treated.
Fill in the blank(s) with correct word
Q. 5According to 11 U.S.C. 109(g), a debtor is prohibited from filing another bankruptcy petition for 180 days from the date the court enters the dismissal order or the debtor voluntarily dismisses the case after the creditor files a motion to lift the Automatic Stay.
Indicate whether the statement is true or false
Q. 6Maintaining a good docketing system that is regularly updated is one of the best ways a paralegal can help bankruptcy clients avoid dismissals.
Indicate whether the statement is true or false
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