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Author Question: How does the bankruptcy code provide for the fair treatment of creditors? What will be an ideal ... (Read 27 times)

PhilipSeeMore

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on: Aug 3, 2018
How does the bankruptcy code provide for the fair treatment of creditors?
 
  What will be an ideal response?

Question 2

What are predecessors in title?
 
  What will be an ideal response?


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chloejackso

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Reply #1 on: Aug 3, 2018
Answer to Question 1

The bankruptcy code accomplishes this by authorizing the bankruptcy court's supervision and administration of the bankruptcy case as well as providing creditors with the opportunity to participate in the process. Creditors are also afforded fair treatment in the settlement and distribution of the debtor's assets and are protected when debtors with sufficient income are required to pay their debts instead of having them totally discharged.

Answer to Question 2

Predecessors in title are all those who held title in the past.


PhilipSeeMore

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Reply 2 on: Aug 3, 2018
Excellent

cdmart10

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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