The legal result of a discharge in Chapter 7 is ________ of the debtor's obligations to his or her creditors and the chance for a(n) ________.
Fill in the blank(s) with correct word
Q. 2The first meeting of the creditors occurs no later than 90 days after the bankruptcy petition is filed.
Indicate whether the statement is true or false
Q. 3The 341 meeting is optional.
Indicate whether the statement is true or false
Q. 4Family immunity applies to spouses, children, grandparents, siblings, aunts, uncles, nieces, nephews, and cousins.
Indicate whether the statement is true or false
Q. 5The filing of a Chapter 7 petition creates a bankruptcy estate, which consists of only a portion of the legal and equitable interests a debtor might own in property at the time of the filing of the Chapter 7 petition.
Indicate whether the statement is true or false
Q. 6A dismissal means that the debtor's bankruptcy case has been thrown out of court, and the debtor is now left with his or her debts.
Indicate whether the statement is true or false
Q. 7A discharge releases the debtor from liability for certain debts and prohibits the creditor from pursuing any legal action to collect those debts.
Indicate whether the statement is true or false
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