The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Question
Chapter 15, Problem 9BCP
(a)
Summary Introduction
Case summary: Person S filed a petition for chapter 13 bankruptcy. Person S’ creditor F sent payments of
To find: Whether the debt is dischargeable.
(b)
Summary Introduction
Case summary: Person S filed a petition for chapter 13 bankruptcy. Person S’ creditor F sent payments of
To find: Justification for imposition of sanction on BRM for violating discharge order.
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Mario files for bankruptcy. He owns one car worth $2,000.00. He will O not have to list it as an asset on his petition O keep the car O keep it if and only if he files a chapter 13 bankruptcy O give the title to the trustee
3. With respect to foreclosure, give the reason you agree or disagree with the statements
below:
a. A foreclosure sale eliminates the outstanding debt(s) of the individual being
foreclosed.
b. Proceeds of a foreclosure sale are distributed to those holding a lien on the property
on the basis of the percentage of total debt each is owed.
c. Foreclosure means the senior mortgage loan lender automatically takes ownership of
the property.
a debtor fails to appear at the Chapter 7 creditors' meeting, the court may refuse to grant the bankruptcy. True False
Chapter 15 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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