BR

Question 1

Meetings of Creditors

Answer 1

341

Question 2

Debtor must appear at 341

Answer 2

343

Question 3

Effect of conversion

Answer 3

348

Question 4

Effect of dismissal

Answer 4

349

Question 5

Opening and reopening cases

Answer 5

350

Question 6

Adequate protection

Answer 6

361

Question 7

Automatic stay

Answer 7

362

Question 8

Acts excluded from the stay

Answer 8

362(b)

Question 9

Termination of the stay

Answer 9

362(c)

Question 10

Relief from the stay

Answer 10

362(d)

Question 11

Violations of the stay

Answer 11

362(k)

Question 12

Use, sale, lease of property

Answer 12

363

Question 13

Trustee obtaining credit

Answer 13

364

Question 14

Executory contracts and unexpired leases

Answer 14

365

Question 15

Filing claims

Answer 15

501

Question 16

Allowance of claims

Answer 16

502

Question 17

Allowance of administrative expenses

Answer 17

503

Question 18

Determination of secured vs unsecured status of claim

Answer 18

506

Question 19

Priorities

Answer 19

507

Question 20

Subordination

Answer 20

510

Question 21

Debtor’s duties

Answer 21

521

Question 22

Property exemptions

Answer 22

522

Question 23

Limitation on increasing exempt property before filing

Answer 23

522(o)(4); 522(p)

Question 24

Exempting judicial liens

Answer 24

522(f)

Question 25

Exempting nonpossessory, nonpurchase money security interests

Answer 25

522(f)

Question 26

Do exemptions continue after death of debtor

Answer 26

No. State law.

Question 27

Exceptions to discharge

Answer 27

523

Question 28

Discharge

Answer 28

524

Question 29

Effect of discharge

Answer 29

Does not eliminate debt; just personal liability

Question 30

Reaffirmation agreement

Answer 30

524(c)

Question 31

Property of the estate

Answer 31

541(a)

Question 32

Property of the estate includes recovery through avoidance, setoff, turnover, subordination

Answer 32

541(a)(3) & (4); 550

Question 33

Property excluded the estate

Answer 33

541(b) & (c)

Question 34

Turnover of property to trustee

Answer 34

542 & 543

Question 35

Chapter 7 conversion

Answer 35

706 & 707

Question 36

Methods for Ch 7 debtor to retain property

Answer 36

Redemption, reaffirmation, ride-through

Question 37

Redemption

Answer 37

722

Question 38

Reaffirmation

Answer 38

524(c)

Question 39

Ride-through

Answer 39

521(a)(2)

Question 40

Trustee abandonment of property

Answer 40

554

Question 41

Ch 7 distribution and priorities

Answer 41

726

Question 42

Ch 7 discharge

Answer 42

727

Question 43

Redemption def.

Answer 43

keep collateral by paying creditor current fair market value of the property in a lump sum, vs full loan balance. Limited to personal property for personal, family, household

Question 44

Reaffirmation def.

Answer 44

Debtor agrees to remain personally liable for the full amount despite the discharge, keeping both the property and the original loan terms (or sometimes negotiated new terms).