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Author Question: How does the bankruptcy code ensure the efficient administration of bankruptcy proceedings? What ... (Read 38 times)

jazziefee

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on: Aug 3, 2018
How does the bankruptcy code ensure the efficient administration of bankruptcy proceedings?
 
  What will be an ideal response?

Question 2

What is a cloud on the title? How does a cloud on title impact the seller's ability to transfer good title?
 
  What will be an ideal response?


ankilker

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Reply #1 on: Aug 3, 2018
Answer to Question 1

Bankruptcy law has established procedures for filing the bankruptcy action and provides a venue for interested parties to settle their grievances regarding the debtor's insolvency in an organized, civilized manner.

Answer to Question 2

A cloud on title is anything that would impair the ability to transfer the property. It can be related to the ownership of the property, the existence of an easement or restriction or a financial matter such as unpaid taxes.


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