Unsecured Claims Quiz

What is a liquidated claim?

A claim that is discharged after a bankruptcy discharge

A claim for a specific amount of money agreed upon by the debtor and creditor (correct)

A claim for an unspecified amount of money

A claim for breach of agreement that has not been quantified

Which type of claim does the creditor not know the exact amount owed by the debtor?

Equitable claim

Secured claim

Discharged claim

Unliquidated claim (correct)

What happens to 'ONLY Claims' during a bankruptcy case?

They are paid from the bankruptcy distributions (correct)

They are not affected by the bankruptcy

They are stayed during a bankruptcy case

They are discharged after a bankruptcy discharge

According to 502(a), who does a 'party in interest' include?

Creditors of a partner in a partnership that is a debtor under chapter 7 Signup and view all the answers

In bankruptcy, when does a claim become dischargeable?

When the claim is contingent on another event Signup and view all the answers

In bankruptcy, when can a landlord not terminate a lease with a tenant?

When the tenant files for bankruptcy Signup and view all the answers

Who bears the burden of proof on a tax claim in bankruptcy court according to the case of Raleigh v. Illinois Department of Revenue?

The trustee in bankruptcy Signup and view all the answers

What is the exception to the automatic stay in bankruptcy for enforcement of a government unit’s policy and regulatory power?

Section 503(b)(4) Signup and view all the answers

When does an order to do something become dischargeable in bankruptcy?

When it is converted to a monetary obligation Signup and view all the answers

What type of claim is not dischargeable in bankruptcy according to the case of Ohio v. Kovacs?

Environmental cleanup claims Signup and view all the answers

In bankruptcy, when can a claim be reduced or disallowed by a creditor?

When the claim is contingent on another event Signup and view all the answers

What is the exception to the automatic stay in bankruptcy for enforcement of a government unit’s policy and regulatory power?

Section 503(b)(4) Signup and view all the answers

When does an order to do something become dischargeable in bankruptcy?

When it is converted to a monetary obligation Signup and view all the answers

What type of claim is not dischargeable in bankruptcy according to the case of Ohio v. Kovacs?

Environmental cleanup claims Signup and view all the answers

In bankruptcy, when can a claim be reduced or disallowed by a creditor?

When the claim is contingent on another event Signup and view all the answers

In bankruptcy, when can a landlord not terminate a lease with a tenant?

When the tenant files for bankruptcy Signup and view all the answers

Unsecured Claims Quiz

Questions and Answers

What is a liquidated claim?

Which type of claim does the creditor not know the exact amount owed by the debtor?

What happens to 'ONLY Claims' during a bankruptcy case?

According to 502(a), who does a 'party in interest' include?

In bankruptcy, when does a claim become dischargeable?

In bankruptcy, when can a landlord not terminate a lease with a tenant?

Who bears the burden of proof on a tax claim in bankruptcy court according to the case of Raleigh v. Illinois Department of Revenue?

What is the exception to the automatic stay in bankruptcy for enforcement of a government unit’s policy and regulatory power?

When does an order to do something become dischargeable in bankruptcy?

What type of claim is not dischargeable in bankruptcy according to the case of Ohio v. Kovacs?

In bankruptcy, when can a claim be reduced or disallowed by a creditor?

What is the exception to the automatic stay in bankruptcy for enforcement of a government unit’s policy and regulatory power?

When does an order to do something become dischargeable in bankruptcy?

What type of claim is not dischargeable in bankruptcy according to the case of Ohio v. Kovacs?

In bankruptcy, when can a claim be reduced or disallowed by a creditor?

In bankruptcy, when can a landlord not terminate a lease with a tenant?

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