EBK THE LEGAL ENVIRONMENT OF BUSINESS:
EBK THE LEGAL ENVIRONMENT OF BUSINESS:
10th Edition
ISBN: 9781337516051
Author: Miller
Publisher: YUZU
Question
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Chapter 15, Problem 9BCP

(a)

Summary Introduction

Case summary: Person S filed a petition for chapter 13 bankruptcy. Person S’ creditor F sent payments of $300 by checks, but none of the payments were cashed. S completed her plan so she received a discharge. BRM was not informed about S’s discharge and demanded S to surrender the collateral. S requested the court to execute sanctions on BRM for violation of the discharge.

To find: Whether the debt is dischargeable.

(b)

Summary Introduction

Case summary: Person S filed a petition for chapter 13 bankruptcy. Person S’ creditor F sent payments of $300 by checks, but none of the payments were cashed. S completed her plan so she received a discharge. BRM was not informed about S’s discharge and demanded S to surrender the collateral. S requested the court to execute sanctions on BRM for violation of the discharge.

To find: Justification for imposition of sanction on BRM for violating discharge order.

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Mario files for bankruptcy. He owns one car worth $2,000.00. He will O not have to list it as an asset on his petition O keep the car O keep it if and only if he files a chapter 13 bankruptcy O give the title to the trustee
Number 20:  Which of the following is a nonwrongful dissociation?
3. With respect to foreclosure, give the reason you agree or disagree with the statements below: a. A foreclosure sale eliminates the outstanding debt(s) of the individual being foreclosed. b. Proceeds of a foreclosure sale are distributed to those holding a lien on the property on the basis of the percentage of total debt each is owed. c. Foreclosure means the senior mortgage loan lender automatically takes ownership of the property.
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