Nondischargeable Debts in Bankruptcy
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Questions and Answers

Which type of debt is covered by the bankruptcy discharge?

  • Domestic support obligations
  • Money, property, services obtained through fraud (correct)
  • Taxes
  • Debts obtained through fraud
  • What is the consequence of losing discharge under §727?

  • All debts become non-dischargeable in future bankruptcies (correct)
  • Only specific debts become non-dischargeable
  • The debtor's assets are liquidated to pay off the debts
  • The debtor can reapply for discharge after a certain period
  • Which type of debt is non-dischargeable for 3 years?

  • Priority taxes (correct)
  • Student loans
  • DUI fines
  • Government fines
  • What happens to debts that are not listed or scheduled?

    <p>They are non-dischargeable</p> Signup and view all the answers

    What is the timeframe for filing a complaint under 523(c)?

    <p>60 days after the §341 meeting of creditors</p> Signup and view all the answers

    In Problem 6-19, why is the $10,000 medical bill not discharged in chapter 7?

    <p>It is post-petition debt and subject to the 8-year rule</p> Signup and view all the answers

    What advice is given regarding the $10,000 medical bill in Problem 6-19?

    <p>File for a zero-payment, three-year chapter 13 plan</p> Signup and view all the answers

    In Problem 6-20, which of the following debts are non-dischargeable in a chapter 7 filing?

    <p>Current taxes and student loans</p> Signup and view all the answers

    According to the lawyer's notes, in which court should a claim be brought if there is a weak claim under federal bankruptcy law?

    <p>State court</p> Signup and view all the answers

    In the scenario of Problem 6-26, can the $3,500 claim be excepted from discharge?

    <p>Yes, because the cash advances aggregated more than $750 within 70 days</p> Signup and view all the answers

    In Re Manriquez, why was the cruise expense considered non-dischargeable?

    <p>It was a luxury good</p> Signup and view all the answers

    What are the three principles to follow when starting a Chapter 7 appointment?

    <p>Avoid luxury purchases, no cash advances, and continue using credit cards as before</p> Signup and view all the answers

    What act was most favorable to Manriquez in In Re Manriquez?

    <p>The credit card debt was majority household goods</p> Signup and view all the answers

    If you were the bank's attorney in In Re Manriquez, would you have appealed for violation of 523?

    <p>Yes, because the cruise is a slam dunk non-dischargeable luxury good</p> Signup and view all the answers

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