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Lisa and Adam signed a $ 2 0 0 , 0 0 0 mortgage with Bank. They had to file for bankruptcy. Does the bank

Lisa and Adam signed a $200,000 mortgage with Bank. They had to file for bankruptcy. Does the bank still have a legal right to enforce its mortgage against Lisa and Adam? _____(Yes, but the bank will have to wait until the bankruptcy trustee "releases" the claim before the bank can proceed / No, the bankruptcy discharges any obligation Lisa and Adam have to the bank and they can keep their home since Iowa provides an unlimited exemption for a homestead)
Big Corporation files for a reorganizational bankruptcy. This is a Chapter _____(7/11/12/13) proceeding.
In Chapter 22 the author lists various types of debts that may not be discharged in bankruptcy. (See Discharge / Page 556 of the book / Section 22-43. Let's say that Troy has filed for bankruptcy. One of his creditors is Mary Old who has a $140,000 judgment against Troy for injuries he caused when he caused a car accident while driving drunk one night. He was found guilty of drunk driving and causing serious injury. He was also sued by Mary and she obtained the $145,000 judgment against him. Will the $145,000 judgment be discharged in bankruptcy? _____(Yes / No)
Let's say that instead of causing injury to Mary Old when he was driving drunk, Troy caused a car accident because of his negligence (ran a stop sign while not paying attention). Mary obtained a $145,000 judgment against Troy in a lawsuit due to his negligence. Can Troy have this judgment debt discharged in bankruptcy if the judgment is based totally on his negligence? _____(Yes / No)

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