Match the terms with their descriptions:
-Voluntary bankruptcy
A) Parties to whom money is owed
B) Items of property excepted from bankruptcy proceedings
C) Bankruptcy proceeding initiated by the debtor
D) Plan for the installment payments of outstanding debts under a Chapter 13 bankruptcy
E) Creditors holding mortgages and other liens on the debtor's property to secure repayment
F) Bankruptcy providing a method for family farmers with regular income to adjust their
Financial affairs while continuing to operate
G) Comparison to determine whether a debtor meets eligibility requirements to be in Chapter 7 or Chapter 13 bankruptcy
H) Reorganization bankruptcy
I) Law governing bankruptcy proceedings
J) Transfers made by the debtor to creditors before the bankruptcy proceeding
Correct Answer:
Verified
Q53: Match the terms with their descriptions:
-Secured creditors
A)
Q54: Match the terms with their descriptions:
-Means testing
A)
Q55: Match the terms with their descriptions:
-Creditors
A) Parties
Q56: Match the terms with their descriptions:
-Preferences
A) Parties
Q57: Match the terms with their descriptions:
-Chapter 12
Q59: Match the terms with their descriptions:
-Exemptions
A) Parties
Q60: Identify main legal documents governing bankruptcy proceedings.
Q61: Define a Chapter 7 bankruptcy. Identify eligibility
Q62: Define a trustee in bankruptcy and identify
Q63: While building his house, Paul bought material
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