Author Question: The legal effect of a reaffirmation is to assert that the debtor will resume the responsibility to ... (Read 65 times)

frankwu · **on:** Aug 2, 2018

The legal effect of a reaffirmation is to assert that the debtor will resume the responsibility to pay off the loan.

Indicate whether the statement is true or false

Question 2

A fraudulent conveyance occurs when the debtor transfers assets to a third party to prevent creditors from satisfying their claims after the debtor files for bankruptcy.

Indicate whether the statement is true or false