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6. In a Chapter 7 proceeding, if the value of the debtor's estate does not provide sufficient cash to pay all the creditors, it is
6. In a Chapter 7 proceeding, if the value of the debtor's estate does not provide sufficient cash to pay all the creditors, it is given back to the debtor. a. True b. False Multiple Choice Indicate the answer choice that best completes the statement or answers the question. 7. Construction Company has a claim against Diners Caf to satisfy a debt that takes priority over other claims against the same property. This is a. a lien. b. a fraud. c. a guaranty. d. a garnishment. 8. To purchase a house, Leo borrows funds from Metro Bank for a home in California. To secure the lender, the loan terms will provide the Metro Bank will be protected by a document recorded against the property. The recorded document will be: a. a Deed of Trust. b. a down payment. c. a short sale. d. predatory lending
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