4 Questions
What happens if the court refuses to approve a reaffirmation agreement under § 521 and 362(h)?
The debtor can still 'ride through' the bankruptcy
What did the court find at the reaffirmation hearing for the Nissan car?
It would not be in the debtor's best interest to reaffirm
What action did Vantage credit union threaten to take regarding the car?
Repossess the car
What is the best way to avoid liability for the deficiency in a bankruptcy case?
Have the client submit a reaffirmation agreement and if not approved, 'ride through' the bankruptcy
Test your knowledge of bankruptcy law with this quiz on ride-through top level theory. Explore the concept of making payments on a car and avoiding liability for deficiency. Learn about the changes in the availability of ride-through after 2005 and the best strategies to navigate reaffirmation agreements and court approvals.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
