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 54 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
YES! Correct, THANKS for helping me on my review

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

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
Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or
Urinary catheterization. The procedure involves the insertion of a flexible tube, or catheter, throu Urinary catheterization. The procedure involves the insertion of a flexible tube, or catheter, throu
Example of calculation of days in accounts receivable (AR). Example of calculation of days in accounts receivable (AR).
Removing the bed from a pickup truck makes gaining access to the fuel pump a lot easier. Removing the bed from a pickup truck makes gaining access to the fuel pump a lot easier.
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 ...
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library