Question: If creditor has their lien avoided in a case, the creditor returns to unsecured status. True False Under the priority framework, withholding taxes are always
If creditor has their lien avoided in a case, the creditor returns to unsecured status.
True
False
Under the priority framework, withholding taxes are always treaty as priority claims.
True
False
Most courts have ruled that the debt of an unscheduled unsecured creditor in a "no asset" case is discharged.
True
False
In acase after all claims have been paid in full with interestthe remaining funds on hand reverts to the Federal government.
True
False
A debtor files for bankruptcy relief.A creditoris owed a debt by the debtor.Absent thecreditor and debtor entering into a reaffirmation agreement, the debtor cannot repay the debt.
True
False
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