The best interest test requires a showing that creditors are receiving more in present value in a Chapter 13 plan than they would receive in a Chapter 7 liquidation.

True

False

Preference law promotes the policy of equal distribution to similarly situated creditors in a case.

True

False

Most courts have ruled that the debt of an unscheduled unsecured creditor in a Chapter 7 "no asset" case is discharged.

True

False

Under the Bankruptcy Code the case trustee has very limited powers to avoid fraudulent transfers or to avoid pre-petition transfers under applicable state law.

True

False