Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following is an incorrect statement regarding the provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 20052 Under the
Which of the following is an incorrect statement regarding the provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 20052 Under the BAPCPA, an individual may not generally be considered a debtor unless within 180 days prior to filing, the debtor receves credit Under the BAPCPA, If an individuai was a debtor in a bankruptcy case that was dismissed within 180 days of the current case, the Individual is generaly not eligible to be a debtor under Chapters 7. 11, or 13. Under the BAPCPA, if a previous bankruptcy was complered rather than dismissed. the individual is generaily permitted to file for bankruptcy again. Under the BAPCPA if a party completes a Chapter 7 bankruptcy. the party is not permited to seek a Chapter 7 bankruptcy again for eignt years Under the BAPCPA fo party hes at leest $10,000 in assets, the party may not fle for any type of bankruptoy
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started