Exam 30: Bankruptcy Law

All student loans are dischargeable in bankruptcy.

Elle is a trustee for a federal bankruptcy court. Elle's duties include

Ollie files a petition in bankruptcy. At the moment of filing

Don files a petition for bankruptcy. Don's creditors must file with the court their proof of claims against Don's assets within

Fix-It Auto Repair receives a discharge in bankruptcy, even though some creditors hold judgments on overdue debts against it and others filed ac?tions to collect on overdue debts before the bankruptcy. Fix-It's dis?charge will

Pola files a petition in bankruptcy. Pola's non-dischargeable debts include

Concealing assets from a bankruptcy court is a crime.

Only an individual can be a debtor under Chapter 7.

Unsecured parties have priority over secured parties to the proceeds from the disposition of collateral on the distribution of a debtor's estate.

Bankruptcy proceedings focus on the procedures to administer a debtor's estate in bankruptcy.

Thirty-one days before filing a petition in bankruptcy, Frida transfers prop?erty and makes payments that favor one creditor over another. These are

To adjust debt and institute a repayment plan, Rolf, a family farmer, may file a petition in bankruptcy under the Bankruptcy Code's Chapter

Before obtaining a discharge in bankruptcy, a consumer-debtor must at?tend a consumer education course.

A corporate debtor must be "out of business" before it can file a bank?ruptcy petition for reorganization under Chapter 11.

In some circumstances, a bankruptcy court can conduct a jury trial.

The homestead exemption has been abolished under the Bankruptcy Code.

Real Estate Sales Corporation (RESC) orders office equipment from Standard Goods, Inc., which has an unperfected security interest in the equipment until it is paid for. Meanwhile, RESC takes out a loan from Trend Credit, Inc., subject to a security interest in RESC's building and equip?ment, which Trend perfects. RESC files a bankruptcy petition under Chapter 7. If the petition is granted, in what or?der will RESC's creditors be paid?

Mac files a petition for a discharge in bankruptcy. Mac's failure to ap?pear at a meet?ing of the creditors listed in Mac's schedules may result in Mac being

Any debtor who is liable on a claim held by a creditor may file for bankruptcy.

The adequate protection doctrine protects secured creditors from losing their security as a result of the automatic stay.