Posted: April 1st, 2015

BANKRUPTCY LAW- QUESTIONS- ANSWER COMPLETELY, FULLY AND REF THE TEXT.

Study Books Used in Class:
TEXT-
The ABC’s of Debt, Stephen P. Parsons, Wolters Kluwer Publishers – 2nd Edition, CHAPTERS 16 AND 17.
Description:
BANKRUPTCY LAW
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DIRECTIONS- ANSWER THE FOLLOWING QUESTIONS CAREFULLY AND FULLY. PLEASE FOR EACH QUESTION, ANSWER EACH QUESTION THAT IS WITHIN EACH QUESTION. PLEASE REF. THE TEXT- The ABC’s of Debt, Stephen P. Parsons, Wolters Kluwer Publishers – 2nd Edition, CHAPTERS 16 AND 17 TO ANSWER THESE QUESTIONS. FOR EACH QUESTION I HAVE SHOWN THE CHAPTER RELATED TO EACH QUESTION. ALSO PLEASE FOLLOW THE LENGTH FOR EACH QUESTION THAT I PROVIDED FOR YOU BELOW.
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***QUESTIONS***
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1. Explain the procedure the trustee must follow in objecting to a creditor’s claim, including the time frame for making the objection. (Two paragraphs for your answer) (Chapter 16 question)
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2. Explain the right to setoff. (One paragraph for your answer) (Chapter 16 question)
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3. List at least 3 of the Section 507 priority claims. (Chapter 17 question)
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4. What are the grounds upon which a discharge may be revoked and what are the time frames for moving to revoke a discharge? Two short paragraphs please. (Chapter 17 question)
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***ATTENTION*** PLEASE REF. THE TEXT- The ABC’s of Debt, Stephen P. Parsons, Wolters Kluwer Publishers – 2nd Edition, CHAPTERS 16 AND 17 TO ANSWER THESE QUESTIONS. FOR EACH QUESTION I HAVE SHOWN THE CHAPTER RELATED TO EACH QUESTION.