Apply It: Liquidation Proceedings

Total points: $--/5$

Attempts left: $2$

Identifying the Facts and Issues

In this case, Lee Park $($the debtor$)$ filed a Chapter

select answer bankruptcy. Under this type of bankruptcy, the debtor is required to file a list of secured and unsecured creditors as well as several other lists, known as select answer $.$ Lee's payments to his wife generally select answer $$ be dischargeable in bankruptcy. Student loans generally

select answer $q,$ dischargeable in bankruptcy.

Under the federal exemptions, Lee normally select answer $q,$ be allowed some portion of equity in his home. Because Lee select answer