Question 1

Failure to file a debtor's tax returns with the bankruptcy petition will result in a dismissal.

Accepted Answer

A) True 
 B)False  False

Question 2

Name three major changes caused by BAPCPA.

Accepted Answer

Open-ended question: Possible answers include the requirement of passing the Means Test to qualify for Chapter 7, domestic support obligations, certification by attorneys there is no presumption of abuse, dismissal for failure to provide the trustee tax returns, extended the amount of time between discharges, restrictions on the automatic stay for repeat filers, and reduction of the homestead exemption.

Question 3

Credit counseling agencies require approval by the U.S. Trustee's Office every _____.

Accepted Answer

A)  six months 
B)  twelve months 
C)  eighteen months 
D)  three years. 
A)  six months 
B)  twelve months 
C)  eighteen months 
D)  three years. B

Question 4

What are the requirements of the credit counseling and financial management course in Chapter 7 cases?

Accepted Answer

The answer of What are the requirements of the credit...

Question 5

If a debtor is going to file Chapter 7 or Chapter 13, creditors can continue to call the debtor to collect on the debt.

Accepted Answer

A)  Yes, even after the bankruptcy has been filed. 
B)  Yes, unless a lawyer has been retained or the bankruptcy has been filed. 
C)  No, because that is a violation of the Fair Debt Collection Practices Act. 
D)  None of the above. 
A)  Yes, even after the bankruptcy has been filed. 
B)  Yes, unless a lawyer has been retained or the bankruptcy has been filed. 
C)  No, because that is a violation of the Fair Debt Collection Practices Act. 
D)  None of the above.

Question 6

Tara did not provide the trustee tax returns, and her case wasn't dismissed. Give one possible explanation why.

Accepted Answer

The answer of Tara did not provide the trustee tax...

Question 7

Domestic support obligations are dischargeable in bankruptcy?

Accepted Answer

A)  True. 
B)  False. 
C)  Only if the debtor filed for Chapter 7. 
D)  Alimony obligations are dischargeable, but not child support. 
A)  True. 
B)  False. 
C)  Only if the debtor filed for Chapter 7. 
D)  Alimony obligations are dischargeable, but not child support.

Question 8

What is Chapter 7 known as?

Accepted Answer

A Chapter 7 bankruptcy is known as a liq

Question 9

The bankruptcy trustee approves the credit counseling agencies.

Accepted Answer

A) True 
 B)False

Question 10

What does BAPCPA stand for?

Accepted Answer

Bankruptcy Abuse Pre

Question 11

What are the requirements of the credit counseling and financial management course in Chapter 13 cases?

Accepted Answer

The answer of What are the requirements of the credit...

Question 12

Chapter 7 bankruptcy is known as:

Accepted Answer

A)  an exemption bankruptcy. 
B)  a wage earner's plan. 
C)  a payment plan with creditors. 
D)  a liquidation. 
A)  an exemption bankruptcy. 
B)  a wage earner's plan. 
C)  a payment plan with creditors. 
D)  a liquidation.

Question 13

Pursuant to 11 U.S.C. §521(a)(2)(A)(i), a debtor shall provide tax returns to the trustee ______

Accepted Answer

A)  within 7 days of filing a bankruptcy petition. 
B)  no later than 7 days before the first scheduled 341 Meeting of Creditors. 
C)  at the time of filing the bankruptcy petition. 
D)  only if requested as the trustee is a federal employee and has access to the debtor's tax returns. Copies usually aren't requested in order to reduce the risk of fraud. 
A)  within 7 days of filing a bankruptcy petition. 
B)  no later than 7 days before the first scheduled 341 Meeting of Creditors. 
C)  at the time of filing the bankruptcy petition. 
D)  only if requested as the trustee is a federal employee and has access to the debtor's tax returns. Copies usually aren't requested in order to reduce the risk of fraud.

Question 14

BAPCPA was signed into law by President George Bush in:

Accepted Answer

A)  2010 
B)  2003 
C)  2005 
D)  2009 
A)  2010 
B)  2003 
C)  2005 
D)  2009

Question 15

The credit counseling class must be completed ___ days before the bankruptcy petition is filed:

Accepted Answer

A)  fourteen 
B)  thirty 
C)  sixty 
D)  one hundred eighty 
A)  fourteen 
B)  thirty 
C)  sixty 
D)  one hundred eighty

Question 16

Chapter 13 is known as a wage earner's plan.

Accepted Answer

A) True 
 B)False

Question 17

The Consumer Bankruptcy Reform Act of 2020 has been law since _____.

Accepted Answer

A)  June 1, 2020. 
B)  July 1, 2020. 
C)  January 1, 2021. 
D)  None of the above. 
A)  June 1, 2020. 
B)  July 1, 2020. 
C)  January 1, 2021. 
D)  None of the above.

Question 18

Chapter 9 bankruptcy applies to _____.

Accepted Answer

A)  large corporations. 
B)  business in the farming or fishing industry. 
C)  foreign corporations. 
D)  municipalities. 
A)  large corporations. 
B)  business in the farming or fishing industry. 
C)  foreign corporations. 
D)  municipalities.

Failure to file a debtor's tax returns with the bankruptcy petition will result in a dismissal.

Name three major changes caused by BAPCPA.

Credit counseling agencies require approval by the U.S. Trustee's Office every _____.

What are the requirements of the credit counseling and financial management course in Chapter 7 cases?

If a debtor is going to file Chapter 7 or Chapter 13, creditors can continue to call the debtor to collect on the debt.

Tara did not provide the trustee tax returns, and her case wasn't dismissed. Give one possible explanation why.

Domestic support obligations are dischargeable in bankruptcy?

What is Chapter 7 known as?

The bankruptcy trustee approves the credit counseling agencies.

What does BAPCPA stand for?

What are the requirements of the credit counseling and financial management course in Chapter 13 cases?

Chapter 7 bankruptcy is known as:

Pursuant to 11 U.S.C. §521(a)(2)(A)(i), a debtor shall provide tax returns to the trustee ______

BAPCPA was signed into law by President George Bush in:

The credit counseling class must be completed ___ days before the bankruptcy petition is filed:

Chapter 13 is known as a wage earner's plan.

The Consumer Bankruptcy Reform Act of 2020 has been law since _____.

Chapter 9 bankruptcy applies to _____.

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

Bankruptcy Intake: Employment, Income, and Expenses

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

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Exam 1: The History of Bankruptcy Law

Failure to file a debtor's tax returns with the bankruptcy petition will result in a dismissal.

Name three major changes caused by BAPCPA.

Credit counseling agencies require approval by the U.S. Trustee's Office every _____.

What are the requirements of the credit counseling and financial management course in Chapter 7 cases?

If a debtor is going to file Chapter 7 or Chapter 13, creditors can continue to call the debtor to collect on the debt.

Tara did not provide the trustee tax returns, and her case wasn't dismissed. Give one possible explanation why.

Domestic support obligations are dischargeable in bankruptcy?

What is Chapter 7 known as?

The bankruptcy trustee approves the credit counseling agencies.

What does BAPCPA stand for?

What are the requirements of the credit counseling and financial management course in Chapter 13 cases?

Chapter 7 bankruptcy is known as:

Pursuant to 11 U.S.C. §521(a)(2)(A)(i), a debtor shall provide tax returns to the trustee ______

BAPCPA was signed into law by President George Bush in:

The credit counseling class must be completed ___ days before the bankruptcy petition is filed:

Chapter 13 is known as a wage earner's plan.

The Consumer Bankruptcy Reform Act of 2020 has been law since _____.

Chapter 9 bankruptcy applies to _____.

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

Bankruptcy Intake: Employment, Income, and Expenses

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