Question
Jon and Susan Bogren filed for voluntary bankruptcy under Chapter 7 and qualified by passing the means test. They own one car outright that has
Jon and Susan Bogren filed for voluntary bankruptcy under Chapter 7 and qualified by passing the means test. They own one car outright that has a value of $3,000, and they owe $10,000 to the bank for their second car. Their bankruptcy action will cause them to incur attorneys fees, trustee fees, and court costs. Jon owes alimony and child support to his former wife and children. Jon and Susan also owe income taxes and penalties from 2015, and Susan owes $35,000 in student loans. Is any property exempt? Are all of the debts dischargeable in bankruptcy? If not, indicate which ones are not dischargeable. List the priority in which the creditors will be paid.
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