Question: TRUE OR FALSE AND WHY? (State whether the answer is T or F and then provide a short explanation). If a debtor is able to
TRUE OR FALSE AND WHY? (State whether the answer is T or F and then provide a short explanation).
- If a debtor is able to propose and fulfill a chapter 13 plan that meets all relevant legal requirements, chapter 13 is more favorable to a debtor than chapter 7.
- In a chapter 7 case, as long as the debtor signs an agreement with an unsecured creditor after the filing of the debtors bankruptcy case, the debt to the unsecured creditor must be paid despite the bankruptcy discharge.
- The only limitation on a creditors ability to file an involuntary case against a debtor is that the proper number of creditors, as defined by the bankruptcy code, join the involuntary petition.
- Under the Bankruptcy Code, statutory liens are avoidable by the bankruptcy trustee.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
