Bankruptcy Law Quiz

Seek alternative financing to cover the deficiency

Voluntarily surrender the asset to the creditor

Immediately file a lawsuit against the court's decision

Have the client submit a reaffirmation agreement and proceed with a ride through if the court doesn't approve it (correct)

If the debtor has timely complied with all requirements under § 521 and 362(h) (correct)

If the debtor agrees to surrender the asset to the creditor

If the debtor has substantial assets to cover the deficiency

If the debtor has a good credit score

The creditor did not agree to the terms of the reaffirmation agreement

The debtor had not made timely payments on the car

The debtor had other outstanding debts

The reaffirmation agreement would result in a negative income for the debtor (correct)

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