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

Author Question: A(n) ________ occurs when a debtor, within 90 days of filing for bankruptcy, makes a payment or ... (Read 44 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Aug 2, 2018
A(n) ________ occurs when a debtor, within 90 days of filing for bankruptcy, makes a payment or transfers property to one of his or her creditors in repayment of a debt.
 
  A) Voidable transfer
  B) Fraudulent conveyance
  C) Involuntary transfer
  D) Statutory lien

Question 2

Why is it important for the debtor to relay a complete and accurate picture of his or her debt to his or her bankruptcy attorney?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sabina576

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Aug 2, 2018
Answer to Question 1

A

Answer to Question 2

It is extremely important for the debtor to relay a complete and accurate list to the paralegal of all unsecured creditors. During the client intake, the paralegal should emphasize with the client the importance of scheduling all debts in a bankruptcy case. If an unsecured creditor is not scheduled, the unscheduled creditor may obtain a judgment against the debtor-client while the bankruptcy case is pending. This would be so if the creditor can prove that he or she were intentionally or fraudulently omitted from being listed in Schedules D, E, or F.


faduma

  • Member
  • Posts: 528
Reply 2 on: Aug 2, 2018
Excellent

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Much time and effort occurs between the development of a research idea and the statistical analysis Much time and effort occurs between the development of a research idea and the statistical analysis
Gas exchange occurs at the alveolar capillary membrane. Gas exchange occurs at the alveolar capillary membrane.
Bipolar disease. The term bipolar means “pertaining to two poles.” The individual with this form of Bipolar disease. The term bipolar means “pertaining to two poles.” The individual with this form of
Basic chemical structure and synthesis of catecholamines. The synthesis of norepinephrine occurs in ... Basic chemical structure and synthesis of catecholamines. The synthesis of norepinephrine occurs in ...
Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days ... Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days ...
A simple pendulum of length 2.5 m m makes 5.0 complete swings in 16 s s . What is the ... A simple pendulum of length 2.5 m m makes 5.0 complete swings in 16 s s . What is the ...
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library