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Author Question: Most Chapter 7 liquidations are considered no asset cases which means that most of the debtor's ... (Read 63 times)

anshika

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on: Aug 2, 2018
Most Chapter 7 liquidations are considered no asset cases which means that most of the debtor's assets are exempt from the proceedings, leaving no nonexempt property for the trustee to sell.
 
  Indicate whether the statement is true or false

Question 2

A 341 hearing is another term used to describe
 
  A) The meeting of the creditors
  B) The gathering of the vibes
  C) The trustees' summit
  D) The trustees' evaluation


sarahccccc

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Reply #1 on: Aug 2, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


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