Bankruptcy Final Review
Bankruptcy Final Review
Bankruptcy Final Review
Chapter 8
1. Any party in interest may move to convert the debtor’s case in the following
examples, except:
Chapter 9
1. To obtain and keep the full benefit of California's exemptions for a homeowner's
equity, a debtor is best protected by:
2. If a lien against exempt property impairs the debtor's right to the benefit of an
exemption, such lien may be avoided if the lien is:
a. A judgment lien.
b. A non-possessory, non-purchase money security interest in personal,
family or household goods.
c. A deed of trust.
d. “a” and “b” above.
a. Solely within the discretion of the Bankruptcy Judge without any limits.
b. Has a maximum limitation provided by the Bankruptcy Code.
c. Is fixed at an hourly rate following fee applications made to the
Bankruptcy Court.
d. None of the above.
Chapter 11
a. Criminal action.
b. Action to collect a judgment.
c. Mailing past due notices to the debtor.
d. A non-judicial foreclosure sale.
3. Grounds for relief from the automatic stay are:
4. If a creditor files a motion for relief from stay and a hearing is requested, she is
normally entitled to a hearing within:
6. A debtor opposing a relief from stay motion may be able to provide adequate
protection of a secured creditor's interest by showing:
a. That the value of the creditor's collateral is substantially more than the
creditor is owed.
b. That the value of the creditor's collateral is worth substantially less than
what the creditor is owed.
c. That the bankruptcy petition is filed.
d. All of the above.
a. Cash payments.
b. Additional collateral.
c. Replacement collateral.
d. All of the above.
Chapter 12
a. Has received a discharge in a case filed within the past eight years.
b. Has not paid all priority claims in full.
c. Fails to object to improperly filed claims of creditors.
d. If she moves before the case is closed.
2. A Chapter 7 debtor may be denied a discharge for any of the following reasons
except:
Chapter 13
a. To give the debtor the right to favor one creditor over another.
b. To keep bankruptcy filings down.
c. To give the debtor maximum benefit of exemptions.
d. To provide the most equitable distribution to creditors of a debtor's assets.
3. Property of the estate in a Chapter 7 case does not include:
Chapter 14
a. The transfer must be made within 90 days prior to the filing of the
bankruptcy petition if the transferee is not an insider.
b. The creditor must give new value to the debtor.
c. The debtor must pay by check.
d. The creditor must receive money.
Chapter 15
Chapter 16
1. A proof of claim:
3. When a debtor intends to retain a secured motor vehicle in a Chapter 13 case, the
vehicle’s value is most commonly determined by:
Chapter 17
3. A Chapter 13 plan:
a. Must provide for payment of all debts in full or it is not proposed in good
faith.
b. May not cure a default in payment of a home mortgage where the lender
(secured creditor home mortgagee) has accelerated payment of the loan
due date because of default.
c. Requires payment of all delinquencies owing to secured creditors in full at
confirmation.
d. Must provide for the submission to the trustee of necessary future income
of the debtors to make payments under the plan.