This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Discuss the purpose of a Chapter 7 liquidation case and what may lead most debtors to file under ... (Read 43 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
on: Aug 2, 2018
Discuss the purpose of a Chapter 7 liquidation case and what may lead most debtors to file under this chapter. Briefly summarize the Chapter 7 process.
 
  What will be an ideal response?

Question 2

After the meeting of the creditors, the bankruptcy court schedules a(n) ________ where the bankruptcy court judge will determine whether to accept the debtor's repayment plan.
 
  Fill in the blank(s) with correct word


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Aug 2, 2018
Answer to Question 1

student should discuss the various reasons that led up to a debtor filing for chapter 7, i.e. insurmountable medical expenses, excessive credit debt, extended periods of unemployment, and divorce. The student should discuss, for example, the process in a Chapter 7 case beginning with credit counseling, petition and schedules, appointment of trustee, the bankruptcy estates, and the 341 Meeting.

Answer to Question 2

confirmation hearing


debasdf

  • Member
  • Posts: 570
Reply 2 on: Aug 2, 2018
Wow, this really help

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Dolores Huerta and Cesar Chavez, leaders of the United Farm Workers, discuss their 1968 strike of ... Dolores Huerta and Cesar Chavez, leaders of the United Farm Workers, discuss their 1968 strike of ...
Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ... Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ...
Does everything in nature have a unique purpose (entelechy)? Does everything in nature have a unique purpose (entelechy)?
The coagulation cascade. Both the intrinsic pathway and extrinsic pathway lead to a common pathway ... The coagulation cascade. Both the intrinsic pathway and extrinsic pathway lead to a common pathway ...
A Hypothesis Can Lead to a Scientific Consensus A Hypothesis Can Lead to a Scientific Consensus
Gingivitis causes redness and swelling of the gums and can lead to more serious gum disease Gingivitis causes redness and swelling of the gums and can lead to more serious gum disease
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library