Question: After reading Chapter 5 of the textbook, submit your assignment responses to the following questions: When must the employment of a professional be approved by

After reading Chapter 5 of the textbook, submit your assignment responses to the following questions:
When must the employment of a professional be approved by the court?
What is a fee application? Why might it be important to monitor professional fees in a bankruptcy proceeding?
Describe the basic Chapter 7 process.
What is meant by the phrase "needs based bankruptcy" or "means testing?"
How is "current monthly income" defined?
What purpose is served by the concept of means testing?
What occurs at the creditors' meeting?
What is the effect of a discharge?
After reading Chapter 5 of the textbook, submit your assignment responses

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