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

Author Question: The legal effect of a reaffirmation is to assert that the debtor will resume the responsibility to ... (Read 14 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

TRUE

Answer to Question 2

TRUE




frankwu

  • Member
  • Posts: 549
Reply 2 on: Aug 2, 2018
Excellent


ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

For a complete list of videos, visit our video library