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1. What are the primary purposes of the Bankruptcy Code? 2. Describe the creditor actions that are automatically held in abeyance when the debtor files

1. What are the primary purposes of the Bankruptcy Code?

2. Describe the creditor actions that are automatically held in abeyance when the debtor files a bankruptcy petition.

3. When is a debtor allowed to void liens on his properties? What type of liens can be voided on this basis?

4. Who are the different unsecured creditors who receive distributions of a debtor's estate?

5. List some types of debts that are not affected by the discharge of a bankrupt debtor.

6. Apply an interesting concept from the chapter to a real-life situation.

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