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58. What is not a requirement for the undue hardship standard? A. the debtor cannot maintain a minimal standard of living for herself and her dependentsB. the debtor has no marketable skills that would allow him to be employedC. this state of affairs is likely to persist for a significant portion of the repayment periodD. the debtor has made good faith efforts to repay the loan59. Chris wanted to get a loan from the bank but he has bad credit. In order to get the money he convinced Eric to cosign as surety. Now Chris has stopped making the payments. When is Eric liable for repayment of the loan? 60. What is the main difference between Chapters 7 and 11?
61. Which option does not attempt to repay and discharge debt? 62. What is not typically part of a security agreement? A. description of the collateralB. obligations of debtorC. remedies available to the creditorD. instructions on perfection63. Which of these debts may be discharged in a bankruptcy? 64. This bankruptcy chapter filing option liquidates the debtor's property to repay creditors and discharge the debts. 65. How is a debtor protected in bankruptcy from the moment of filing? 66. Bankruptcy is primarily governed by what type of law? A. federal statutesB. state statutesC. blend of state and federal statutesD. administrative regulations
67. What is not a major change to bankruptcy law in the Bankruptcy Abuse Prevention and Consumer Protection Act? 68. What businesses typically need a personal guarantee in order to receive a loan?