Bankruptcy Law Quiz

The debtor's bankruptcy case will be dismissed.

The debtor must immediately surrender the collateral to the creditor.

The debtor can be sued for deficiency by the creditor.

The debtor can 'ride through' the bankruptcy without liability for the deficiency. (correct)

The debtor's income would be a negative $179.1 after deducting the car payment and other expenses. (correct)

The debtor's income would be sufficient to afford the car payments.

The debtor's income was not accurately reported.

The debtor's expenses were unreasonably high.

Refinance the car loan.

Extend the loan term.

Repossess the car. (correct)

Lower the interest rate on the car loan.

<p>If the debtor has timely complied with all requirements under § 521 and 362(h).</p> Signup and view all the answers