Midterm Review

Question 1

What does automatic stay do?

Answer 1

It kicks into effect with the petition and stops everything.

Question 2

A contested matter starts with a (1). An adversary proceeding starts with a (2).

Answer 2

1. motion

2. complaint

Question 3

The (1) presides over the 341 meeting, which is (2)

Answer 3

1. trustee

2. mandatory

Question 4

The estate is everything in which the debtor has a (1) and (2) interest.

Answer 4

1. legal

2. equitable

Question 5

Petition preparers provide (1) to (2), NOT (3)! This means that tehre is no (4)!

Answer 5

1. typing services
2. customers
3. clients
4. privilege

Question 6

The domicile eligibility requirement of BK depends on where you have lived for all or majority of (1).

Answer 6

1. past 180 ays

Question 7

A joint petition is between (1).

Answer 7

1. husband and wife in AZ (legally married spouses)

Question 8

You can file another Chapter 7 BK within (1) of discharge of the last

Answer 8

8 years

Question 9

Individuals can file (1), (2) or (3)

Answer 9

1. Chapter 7
2. Chapter 11 (if wealthy)
3. Chapter 13

Question 10

Why would a creditor file for Relief from Automatic Stay?

Answer 10

Believes debtor is not taking goog care of the property. Wants to get the property back.

Question 11

If a Chapter 7 case is dismissed, this means the (1). The debtor must wait (2) to re-file. This is (3) ffor other chapters. If the debtor gets a discharge, this means (4)

Answer 11

1. case is over
2. 180 days
3. lower
4. debts are expunged