Sherry and Don are having both financial and marital problems. ...

[RODY.ELKHALIL]

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.

[yotaSR5]

Answer to Question 1

c

Answer to Question 2

b

[RODY.ELKHALIL]

Wow, this really help

[Viet Thy]

Thanks for the timely response, appreciate it