ANSWERS-CH30 - CHAPTER 30 BANKRUPTCY ANSWERS TO CHAPTER 30...

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BANKRUPTCY ANSWERS TO CHAPTER 30 True-False Multiple Choice 1. T 2. T 3. T 4. F 5. F 6. T 7. T 8. T 9. F 10. F 11. T 12. T 13. a 14. b 15. d 16. d 17. c 18. d 19. a 20. a 21. c 22. c 23. e 24. d Short Essay 25. The answer should address provisions in the Act dealing with fraudulent transfers, objections to discharge, and non-dischargeable debts. Note also that the court can dismiss Chapter 13 proceedings for substantial abuse of the process. 26. Even though his signature on the petition would suffice were other tests met, Alvin cannot put Davis into involuntary bankruptcy. If a debtor has fewer than 12 creditors, only one of those creditors need file an involuntary petition. However, the creditors must have valid claims against the debtor which exceed the value of their security by $10,775 or more. Here, the excess is only $2775. Finally, the debtor must be unable to pay his debts as they come due (or have had a custodian appointed within the previous 120 days). Neither is the case here. Answers to Student Study Guide and Workbook Questions
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ANSWERS-CH30 - CHAPTER 30 BANKRUPTCY ANSWERS TO CHAPTER 30...

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