Exam 3: The Case Characters and Their Roles in the Bankruptcy Process

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Define the term "statutory lienholder."

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List the positions on the bankruptcy judge's staff.

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The bankruptcy petition preparer is not an attorney or an employee of an attorney.

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How long does an interim trustee serve in a Chapter 7 case?

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The bankruptcy court may not regulate the reasonableness of attorney fees charged to debtors in bankruptcy cases.

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What is a "standing trustee"?

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Define the term "equity security holder."

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Describe the duties of the clerk of the bankruptcy court.

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An individual is not entitled to a discharge in a case under Chapter 7 if he or she has been a debtor and has received a discharge in a case commenced within the past eight years.

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Explain the difference between a creditor holding a secured claim and a creditor holding an unsecured priority claim.

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Explain the difference between a creditor holding a secured claim and a creditor holding an unsecured claim.

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Debt relief agencies must comply with certain disclosure requirements.

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If a creditor has a security interest in a motor vehicle worth $15,000 that secures a claim of $20,000, what type(s) of claim does the creditor have?

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