If the bankruptcy debtor converts his or her case to a Chapter 7 from a Chapter 13 or if the Bankruptcy Court dismisses the Chapter 13 case for whatever reason, a co-debtor will be exposed, once again, to a creditor's claim.
Indicate whether the statement is true or false
Q. 2Approximately 10 days after the petition is filed, the court schedules the meeting of the creditors, or the 341 hearing.
Indicate whether the statement is true or false
Q. 3The bankruptcy judge is responsible for distributing the proceeds collected from the debtor to the creditors according to the repayment plan.
Indicate whether the statement is true or false
Q. 4Which of the following is not an example of a governmental function?
a. operating a jail
b. operating a school
c. operating a utility
d. operating a police department
Q. 5The Chapter 13 Means Test is used to predict how effective the debtor's repayment plan is.
Indicate whether the statement is true or false
Q. 6If changes in the debtor's projected income and expenses are not taken into account, the repayment plan may be unrealistic, setting the debtor up for failure.
Indicate whether the statement is true or false
Quick Reply
