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[Consumer Debt] Isabel Had Not Been Keeping Up with Her

Question 35

Multiple Choice

[Consumer Debt] Isabel had not been keeping up with her spending and bought several expensive items. Between numerous credit cards and some unsecured loans, she had a total of 14 creditors. All her debt was consumer debt, and Isabel really wished that she had not put all those new clothes on her credit card. Although Isabel was struggling, she did not want to file for bankruptcy because she did not want a bad credit score. However, three of her credit card companies signed and filed an involuntary bankruptcy petition against her under Chapter 7. Isabel is unsure about how to proceed. While she is several months behind on a number of payments, including alimony payments she believes were unfairly awarded to her ex-husband, she does not particularly want to go bankrupt. She believes that the creditors have been unfair in not allowing her additional time in which to pay. On the other hand, she would really like to be rid of her excessive debt and stop collection efforts on the part of her ex-husband.
-Assuming that Isabel does not object to the bankruptcy proceeding, what is the next step that should occur?


A) The court should appoint a temporary trustee.
B) The court should appoint a trustee.
C) The court should enter an order of relief.
D) The court should hold a creditor's meeting.
E) The court should determine if any claims have priority.

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