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Author Question: Sherry and Don are having both financial and marital problems. They are considering bankruptcy and ... (Read 49 times)

RODY.ELKHALIL

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on: Aug 3, 2018
Sherry and Don are having both financial and marital problems. They are considering bankruptcy and divorce as possible solutions. Which of the following is true?
 
  a. Chapter 7 is faster, but they need a high asset/debt ratio to pass the means test.
  b. Chapter 14 is faster, but they need a high asset/debt ratio to pass the means test.
  c. Chapter 7 is faster, but they need a high debt/asset ratio to pass the means test.
  d. Chapter 14 is faster, but they need a high debt/asset ratio to pass the means test.

Question 2

If a client's ex-spouse has filed for bankruptcy, it may be necessary to file an adversary proceeding complaint to collect:
 
  a. Child support.
  b. Property that was awarded but not yet transferred.
  c. Alimony arrearages.
  d. Family support obligations.


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yotaSR5

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

c

Answer to Question 2

b


RODY.ELKHALIL

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  • Posts: 591
Reply 2 on: Aug 3, 2018
Thanks for the timely response, appreciate it

xiaomengxian

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Reply 3 on: Yesterday
Excellent

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