This topic contains a solution. Click here to go to the answer

Author Question: When Dudley files his Chapter 7 petition, he lists the following debts: a. 25,000 in back child ... (Read 161 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
When Dudley files his Chapter 7 petition, he lists the following debts: a. 25,000 in back child support and alimony. b. 15,000 for liabilities incurred after drinking and driving. c. 10,000 for past-due student loans. d. 5,000 for past-due rent to his landlord. e. 550 for a past-due phone bill. How will each of these debts be treated by the bankruptcy court.

Question 2

The first bill passed by the U.S. Congress defining the legal liability of an ocean carrier for the care of its cargo was:
 A) The Hague Rules.
 B) The Uniform Commercial Code.
 C) The Convention on the International Sale of Goods.
 D) The Harter Act.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sassygurl126

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

Certain debts are never discharged and the debtor is fully liable for the debts even after receiving a discharge from the bankruptcy court. These types of debts are generally denied a discharge based on public policy reasons. In this example, the child support and alimony, the liabilities for operating a motor vehicle while under the influence, and school loans guaranteed by the government (unless undue hardship can be established) are nondischargeable debts. Bankruptcy has no effect on these debts. The unpaid rent and phone bill generally will be discharged.

Answer to Question 2

D




folubunmi

  • Member
  • Posts: 524
Reply 2 on: Jun 24, 2018
Wow, this really help


lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

For a complete list of videos, visit our video library