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Author Question: The bankruptcy code is broken down into two different genres of chapters, what are they and describe ... (Read 28 times)

CQXA

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on: Aug 2, 2018
The bankruptcy code is broken down into two different genres of chapters, what are they and describe each chapter's function.
 
  What will be an ideal response?

Question 2

What is a straw party? Why would a developer use a straw party as part of the development process?
 
  What will be an ideal response?


guyanai

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

Student should identify the operative and universal chapters and give a general description of universal chapters 1, 3, and 5 as well as identify the operative chapters 7, 9, 11, 12, 13, and 15, and describe the type of filing each operative chapter refers to.

Answer to Question 2

A straw party is someone who stands in the shoes of the developer to purchase and take title to the realty. The straw party keeps the identity of the developer confidential. A straw party is used in order to prevent landowners from inflating the price of their land if they think a developer is snatching up the land. A straw party may also be used when there is negative community sentiment toward the developer and/or the development.


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