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Please answer all three business law question, I will give thumbs up if they are correct. Thanks! Which of the following will not be discharged
Please answer all three business law question, I will give thumbs up if they are correct. Thanks!
Which of the following will not be discharged in a bankruptcy proceeding under Chapter 7? a) Claims resulting out of a loan based on false representations. b) Claims of secured creditors which remain unsatisfied after their receipt of the proceeds from the disposition of the collateral. c) Claims arising out of the breach of a contract by the debtor. d) All of the above. The filing of a bankruptcy petition under Chapter 7 of the Federal Bankruptcy Code: A. Terminates liens on exempt property. B. Terminates all security interests in property in the bankruptcy. c. Prevents the debtor from keeping monies earned after filing the bankruptcy petition. D. Stops enforcement of judgment liens against property in the bankruptcy estate. Matt is planning to file for bankruptcy within 60 days. He wants to keep some of his property, so he gives certain jewelry to his parents, with the understanding that they will return it later. Also, Matt sells his car, worth $5,000 to his girlfriend for $500. These transfers are: A. B. C. D Preferential Transfers Fraudulent Conveyances Legitimate distributions of assets. None of the above Step by Step Solution
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