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Due Date: 11:59 pm EST, Sunday Unit 7 Points: 100 Overview: This assignment focuses on four of the major features of the Bankruptcy Code. Instructions:

Due Date: 11:59 pm EST, Sunday Unit 7 Points: 100 Overview: This assignment focuses on four of the major features of the Bankruptcy Code. Instructions: Answer the following four questions: 1. Review page 30-4 of the text. What is the "Automatic Stay" in bankruptcy? Explain fully. 2. Review pages 30-14 and 30-15 of the text. What is a "discharge in bankruptcy"? Explain fully. 3. Review pages 30-13 and 30-14 of the text. What are the "Priority Claims?" List three priority claims that are identified in the text? Three short paragraphs, please. 4. Review pages 30-6 through 30-8 of the text. What are "exempt assets"? Explain fully then list three types of exempt assets under the Federal Bankruptcy Code. Requirements: Please submit this assignment as a Word Document. Respond to each topic with a minimum of 1oo words. Include at least one citation either from your textbook or an alternative reliable source per response. Cite your sources according to the legal citation and APA guidelines. Be sure to read the criteria by which your work will be evaluated before you write

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