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

Author Question: Sherry and Don are having both financial and marital problems. They are considering bankruptcy and ... (Read 57 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
Sherry and Don are having both financial and marital problems. They are considering bankruptcy and divorce as possible solutions. Which of the following is true?
 
  a. Chapter 7 is faster, but they need a high asset/debt ratio to pass the means test.
  b. Chapter 14 is faster, but they need a high asset/debt ratio to pass the means test.
  c. Chapter 7 is faster, but they need a high debt/asset ratio to pass the means test.
  d. Chapter 14 is faster, but they need a high debt/asset ratio to pass the means test.

Question 2

If a client's ex-spouse has filed for bankruptcy, it may be necessary to file an adversary proceeding complaint to collect:
 
  a. Child support.
  b. Property that was awarded but not yet transferred.
  c. Alimony arrearages.
  d. Family support obligations.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yotaSR5

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

c

Answer to Question 2

b




RODY.ELKHALIL

  • Member
  • Posts: 591
Reply 2 on: Aug 3, 2018
YES! Correct, THANKS for helping me on my review


FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library