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

Author Question: When a dismissal has been granted, any money or property that the trustee recovered for the benefit ... (Read 23 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
When a dismissal has been granted, any money or property that the trustee recovered for the benefit of the bankruptcy estate, as well as any funds collected for distribution to creditors that had not been disbursed at the time of the dismissal, are returned to the debtor.
 
  Indicate whether the statement is true or false

Question 2

The bankruptcy court or U.S. trustee may motion to dismiss the debtor's case if it is determined that granting relief would be considered a(n) ________ of the bankruptcy process.
 
  A) Presumption of abuse
  B) Substantial abuse
  C) Inconsequential abuse
  D) Slight abuse



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

atrochim

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

TRUE

Answer to Question 2

B





 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

For a complete list of videos, visit our video library