Bankruptcy Code Exceptions Quiz
16 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which type of activity is not affected by an automatic stay in bankruptcy?

  • Civil lawsuits
  • Debt collection by creditors
  • Eviction actions
  • Criminal activity (correct)

What type of order cannot be stayed by filing for bankruptcy?

  • Creditor's demand for payment
  • Employer's termination order
  • Court order for debt repayment
  • City order to do something (correct)

In which situation would a person have to continue to pay child support even after filing for Chapter 7 bankruptcy?

  • If the person is unemployed
  • If the person has other outstanding debts
  • If the payments are dischargeable (correct)
  • If the person is behind on support payments

What must a person ensure before being discharged of debts via Chapter 13 bankruptcy?

<p>Payment of all domestic support obligations (C)</p> Signup and view all the answers

What was the reason for the husband's motion to reduce maintenance payments?

<p>He lost his job (A)</p> Signup and view all the answers

In Taggart v. Lorenzen, what would establish a basis for the discharge injunction and an appropriate defense for the creditor?

<p>A reasonable basis for the creditor’s conduct (B)</p> Signup and view all the answers

What did the Supreme Court hold in City of Chicago v. Fulton regarding the prohibition by retaining possession of a debtor’s property after a bankruptcy petition is filed?

<p>Mere passive retention of estate property does not violate §362(a)(3) (B)</p> Signup and view all the answers

In the case of Taggart v. Lorenzen, what did the court define as civil contempt?

<p>Willful disobedience of any judgment by civil court (B)</p> Signup and view all the answers

What was the reason for the City of Chicago impounding Fulton’s car?

<p>Failure to pay fines and driving with a suspended license (A)</p> Signup and view all the answers

What did the Supreme Court require the debtor to provide to the creditor in City of Chicago v. Fulton?

<p>Adequate protection of its interest in the returned property (D)</p> Signup and view all the answers

What was the outcome of the City of Chicago v. Fulton case?

<p>The City did not violate the prohibition by retaining possession of the debtor’s property (A)</p> Signup and view all the answers

What type of lawsuit did Sherwood Park Business Center and its owners bring against Taggart?

<p>Claiming that Taggart had breached the Business Center’s operating agreement (D)</p> Signup and view all the answers

Before the trial, what did Taggart file for?

<p>Chapter 7 bankruptcy (D)</p> Signup and view all the answers

What was the reason for the motion filed by the Sherwood in Taggart v. Lorenzen?

<p>Seeking attorney’s fee reimbursement for the prebankruptcy action against Taggart (A)</p> Signup and view all the answers

What was the outcome of the motion filed by the Sherwood in Taggart v. Lorenzen?

<p>The state court entered a judgment against Taggart (C)</p> Signup and view all the answers

What was the result of Taggart’s bankruptcy petition?

<p>He was awarded a discharge (C)</p> Signup and view all the answers
Use Quizgecko on...
Browser
Browser