The debtor is filing for bankruptcy by the end of the week but is currently behind one month on his car payments. The debtor should file _________
A) Chapter 7 if the debtor wishes to keep the car.
B) Chapter 13 if the debtor wishes to keep the car.
Correct Answer:
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Q1: If a debtor passes the Means Test,
Q2: Can a debtor pass the Means Test
Q4: The most common type of bankruptcy filed
Q5: When is a bankruptcy estate created?
Q6: Briefly explain income used for purposes of
Q7: Provide two examples of why a debtor
Q8: Briefly explain an exemption and provide an
Q9: What is a bankruptcy estate?
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