Under creditors' bargain theory the rights of creditors outside of bankruptcy should not be altered in bankruptcy,except if it is something creditors would have hypothetically have agreed to.

True

False

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 achieved the following:

it added significant consumer protections that have benefited individual debtors.

it shifted bankruptcy policy under the Bankruptcy Code away from favoring the creditor and toward the debtor, enhancing the debtor's fresh start.

reduced the costs associated with filing for consumer bankruptcy.

made it more difficult for honest consumers to obtain relief under the Bankruptcy Code.

None of the above.

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