Bankruptcy

The debtor is relieved of any personal liability to the judgment creditor.

.The judgment creditor retains a statutory lien against the debtor.

The debtor is required to pay a liquidated amount to vacate the judgment.

.The judgment creditor's claim is nondischargeable.

.11

.9

7

13

.Social Security payments received by the debtor within 180 days after the filing of the petition.

Child support payments received by the debtor within one year after the filing of the petition.x

Child support payments received by the debtor within one year after the filing of the petition. c.Wages earned by the debtor within one year after the filing of the petition.

Inheritances received by the debtor within 180 days after the filing of the petition.

.Social Security payments received by the debtor within 180 days after the filing of the petition.

Alimony received by the debtor within one year after the filing of the petition.

Municipal bond interest received by the debtor within 180 days after the filing of the petition.

.Gifts received by the debtor within one year after the filing of the petition.

Strong Corp. will be discharged from all its debts and liabilities that arose before the date of confirmation of the plan.

.Strong Corp. will be discharged only from the debts owed creditors who agreed to the reorganization plan.

Strong Corp. will be discharged from all its debts and liabilities.

Strong Corp. will be discharged from all its debts and liabilities that arose before the confirmation of the plan, except as otherwise provided in the plan, the order of confirmation, or the Bankruptcy Code.

.Three unsecured creditors must join in the involuntary petition in bankruptcy.

.Golf may not be petitioned involuntarily into bankruptcy under the provisions of Chapter 11.

Deft may file an involuntary petition in bankruptcy against Golf.

Golf may not be petitioned involuntarily into bankruptcy because there are less than 12 unsecured creditors.

A claim brought by a secured creditor that remains unsatisfied after the sale of the collateral.

.A claim that arises out of the debtor's breach of a contract.

.A claim that arises from alimony or maintenance.

.A claim brought by a judgment creditor whose judgment resulted from the debtor's negligent operation of a motor vehicle.

.The person must surrender for distribution to the creditors amounts received as an inheritance, if the receipt occurs within 180 days after filing the bankruptcy petition.

The person can obtain another voluntary discharge in bankruptcy under Chapter 7 after three years have elapsed from the date of the prior filing.

The person is precluded from owning or operating a similar business for two years

.The person will be discharged from all debts.

A trustee will continue to operate the debtor's business.

A reorganized corporate debtor will be discharged from all debts except as otherwise provided in the plan and applicable law.

A reorganized corporate debtor will be liquidated.

A reorganized individual debtor will not be allowed to continue in the same business.

Stops the debtor from incurring new debts.

Terminates all security interests in property in the bankruptcy estate.

Stops the enforcement of judgment liens against property in the bankruptcy estate.

Terminates liens on exempt property.

a.There must not be more than 12 creditors.

b.The debtor has not been paying its bona fide debts as they become due.

c.The debtor must owe one creditor more than $5,000.

d.At least one fully secured creditor must join in the petition.

a.Borrowing money from a bank secured by giving a mortgage on business property.

b.Paying a business utility bill.

c.Making a gift to charity.

d.Prepaying an installment loan on inventory.

A creditors' committee, if appointed, will consist of unsecured creditors.

.The reorganization plan may only be filed by Robin.

.The creditors' committee must select a trustee to manage Robin's affairs.

Robin may continue in business only with the approval of a trustee.

Confirmation of the reorganization plan by the court.

.The filing of a reorganization plan.

Opportunity for each class of claims to accept the reorganization plan.

Liquidation of the debtor.

A reorganization plan may be filed by a creditor anytime after the petition date.

The debtor must be insolvent if the bankruptcy petition was filed voluntarily.

A trustee must always be appointed.

The commencement of a bankruptcy case may be voluntary or involuntary.

Employee wages due April 30, Year 3.

Inventory purchased and delivered August 1, Year 3.

Federal tax lien filed June 30, Year 3.

A secured debt properly perfected on March 20, Year 3.

The right to use any grounds available to the debtor to obtain the return of the debtor's property.

The power to require persons holding the debtor's property at the time the bankruptcy petition is filed to deliver the property to the trustee.

The power to prevail against a creditor with an unperfected security interest.

The right to avoid any statutory liens against the debtor's property that were effective before the filing of the bankruptcy petition.

No, because the security interest was perfected before Roe filed for bankruptcy.

Yes, because Roe giving the security interest to Jet created a voidable preference.

No, because the loan proceeds were used for Roe's business.

Yes, because a security agreement may only cover goods actually purchased with the borrowed funds.

Discrimination against foreign interests is never allowed.

A foreign representative may participate in other U.S. bankruptcy cases pending against the represented debtor

U.S. courts have an affirmative duty to cooperate with foreign courts.

A foreign representative may operate the debtor's business in the U.S.

There must not be more than 12 creditors.

The debtor has not been paying its bona fide debts as they become due.

The debtor must owe one creditor more than $5,000.

At least one fully secured creditor must join in the petition

Not cancel it because it is a sale, not a gift.

Cancel it as a voidable preference.

Not cancel it, but can sue Karen's mother for return of the $100.

Cancel it as a fraudulent transfer.