Question 1

The Bankruptcy Intake should be completed by the _______.

Accepted Answer

A)  lawyer. 
B)  paralegal. 
C)  client 
D)  by the paralegal by reviewing the client's expenses through documents such as bank statements and mortgage statements. 
A)  lawyer. 
B)  paralegal. 
C)  client 
D)  by the paralegal by reviewing the client's expenses through documents such as bank statements and mortgage statements. C

Question 2

Tax refunds are exempt property.

Accepted Answer

A) True 
 B)False  False

Question 3

A gig economy job can affect __________.

Accepted Answer

A)  Schedule I 
B)  Means Testing 
C)  all of the above. 
D)  none of the above because the income is minimal. 
A)  Schedule I 
B)  Means Testing 
C)  all of the above. 
D)  none of the above because the income is minimal. C

Question 4

Five months ago, Tim worked only one day as an Uber driver because the next day he was hired for full-time work. Because he earned less than $50 that day, his income is not included for purposes of Means Testing.

Accepted Answer

A) True 
 B)False

Question 5

Due to an increase in income, the debtor is expecting a tax refund. In January, you first became aware of this issue when the client made the last payment of fees and costs. What should be discussed with the client?

Accepted Answer

The answer of Due to an increase in income, the...

Question 6

Why should the client complete the Bankruptcy Intake and not office staff?

Accepted Answer

The answer of Why should the client complete the Bankruptcy...

Question 7

Because tax refunds are income, it belongs to the client and not the bankruptcy estate.

Accepted Answer

A) True 
 B)False

The Bankruptcy Intake should be completed by the _______.

Tax refunds are exempt property.

A gig economy job can affect __________.

Five months ago, Tim worked only one day as an Uber driver because the next day he was hired for full-time work. Because he earned less than $50 that day, his income is not included for purposes of Means Testing.

Due to an increase in income, the debtor is expecting a tax refund. In January, you first became aware of this issue when the client made the last payment of fees and costs. What should be discussed with the client?

Why should the client complete the Bankruptcy Intake and not office staff?

Because tax refunds are income, it belongs to the client and not the bankruptcy estate.

The History of Bankruptcy Law

Overview of the Bankruptcy Code

Summary of Chapter 7 Versus Chapter 13

The Court System and the Bankruptcy Rules and Procedure

The Bankruptcy Intake

Bankruptcy Intake Continued

Liabilities, and Required Documents

The Bankruptcy Petition

Assets and Liabilities

Schedules AB: Personal Property and C: Exemptions

Schedules of Secured and Unsecured Creditors

Schedule I: Income

Schedule J: Expenses

Statement of Financial Affairs

Understanding Legal Options and Judgments in Debt Cases

Statement of Current Monthly Income

Means Testing Official Form 122A-2

Bankruptcy and Debt: Understanding Hardship Discharge, Lien Stripping, and Cramdowns

Filing a Bankruptcy Petition

Post-Petition Filing

The 341 Meeting of Creditors

Filters

Exam 7: Bankruptcy Intake: Employment, Income, and Expenses

The Bankruptcy Intake should be completed by the _______.

Tax refunds are exempt property.

A gig economy job can affect __________.

Five months ago, Tim worked only one day as an Uber driver because the next day he was hired for full-time work. Because he earned less than $50 that day, his income is not included for purposes of Means Testing.

Due to an increase in income, the debtor is expecting a tax refund. In January, you first became aware of this issue when the client made the last payment of fees and costs. What should be discussed with the client?

Why should the client complete the Bankruptcy Intake and not office staff?

Because tax refunds are income, it belongs to the client and not the bankruptcy estate.

The History of Bankruptcy Law

Overview of the Bankruptcy Code

Summary of Chapter 7 Versus Chapter 13

The Court System and the Bankruptcy Rules and Procedure

The Bankruptcy Intake

Bankruptcy Intake Continued

Liabilities, and Required Documents

The Bankruptcy Petition

Assets and Liabilities

Schedules AB: Personal Property and C: Exemptions

Schedules of Secured and Unsecured Creditors

Schedule I: Income

Schedule J: Expenses

Statement of Financial Affairs

Understanding Legal Options and Judgments in Debt Cases

Statement of Current Monthly Income

Means Testing Official Form 122A-2

Bankruptcy and Debt: Understanding Hardship Discharge, Lien Stripping, and Cramdowns

Filing a Bankruptcy Petition

Post-Petition Filing

The 341 Meeting of Creditors

Filters