Test Bank – Consumer Bankruptcy Law: A Practical Guide for Students and Professionals, 1st Edition – Alexander Hernandez – ISBN 9781032066615 (All Chapters Covered 1–28)

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Consumer Bankruptcy Law:
A Practical Guide for
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Students and Professionals,
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1st Edition
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TEST BANK
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Alexander Hernandez
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Comprehensive Test Bank for Instructors
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and Students
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9781032066615


© Alexander Hernandez. All rights reserved.
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Reproduction or distribution without permission is
prohibited.




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Consumer Bankruptcy Law: A Practical Guide for
Students and Professionals — Test Bank
Alexander Hernandez
ISBN: 9781032066615
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Introduction: The Need for Paralegals and the Future of Consumer Bankruptcy Law
Chapter 1: The History of Bankruptcy Law
Chapter 2: Overview of the Bankruptcy Code
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Chapter 3: Summary of Chapter 7 versus Chapter 13
Chapter 4: The Court System and the Bankruptcy Rules and Procedure
Chapter 5: "Well, How Did I Get Here?"
Chapter 6: Office Protocols and Contact with the Client for the First Time
Chapter 7: The Bankruptcy Intake
Chapter 8: Bankruptcy Intake Continued
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Chapter 9: Bankruptcy Intake—Employment, Income, and Expenses
Chapter 10: Liabilities
Chapter 11: Required Documents
Chapter 12: The Bankruptcy Petition
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Chapter 13: Assets and Liabilities
Chapter 14: Schedules A/B—Personal Property & C—Exemptions
Chapter 15: Schedules of Secured and Unsecured Creditors
Chapter 16: Schedule I: Income
Chapter 17: Schedule J: Expenses
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Chapter 18: Statement of Financial Affairs
Chapter 19: Statement of Intention for Individuals Filing Under Chapter 7
Chapter 20: Statement of Current Monthly Income
Chapter 21: Means Testing Form 122A-2
Chapter 22: Chapter 13 Basics
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Chapter 23: The Chapter 13 Plan
Chapter 24: Chapter 20 Bankruptcy, Strategies, Winning by Losing, and Financial Purgatory
Chapter 25: Filing a Bankruptcy Petition
Chapter 26: Post-Petition Filing
Chapter 27: The 341 Meeting of Creditors Before, During, and After
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Chapter 28: Forms
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, Test Bank for Consumer Bankruptcy Law A
Practical Guide for Students and Professionals,
1e Alexander Hernandez (All Chapters)
Chapter 1
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Multiple Choice

1. BAPCPA was signed into law by President George Bush in:
a. 2010
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b. 2003
*c. 2005
d. 2009

2. The bankruptcy trustee approves the credit counseling agencies.
a. True.
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*b. False

3. Credit counseling agencies require approval by the U.S. Trustee’s Office every _____.
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a. six months
*b. twelve months
c. eighteen months
d. three years.
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4. The credit counseling class must be completed ___ days before the bankruptcy petition is
filed:
a. fourteen
b. thirty
c. sixty
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*d. one hundred eighty

5. Chapter 7 bankruptcy is known as:
a. an exemption bankruptcy.
b. a wage earner’s plan.
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c. a payment plan with creditors.
*d. a liquidation.

6. Chapter 13 is known as a wage earner’s plan.
*a. True.
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b. False.


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Information Classification: General

, 7. Domestic support obligations are dischargeable in bankruptcy?
a. True.
*b. False.
c. Only if the debtor filed for Chapter 7.
d. Alimony obligations are dischargeable, but not child support.

8. The Consumer Bankruptcy Reform Act of 2020 has been law since _____.
a. June 1, 2020.
b. July 1, 2020.
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c. January 1, 2021.
*d. None of the above.

9. Chapter 9 bankruptcy applies to _____.
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a. large corporations.
b. business in the farming or fishing industry.
c. foreign corporations.
*d. municipalities.

10. If a debtor is going to file Chapter 7 or Chapter 13, creditors can continue to call the debtor to
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collect on the debt.
a. Yes, even after the bankruptcy has been filed.
*b. Yes, unless a lawyer has been retained or the bankruptcy has been filed.
c. No, because that is a violation of the Fair Debt Collection Practices Act.
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d. None of the above.

11. Failure to file a debtor’s tax returns with the bankruptcy petition will result in a dismissal.
a. True.
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*b. False

12. Pursuant to 11 U.S.C. §521(a)(2)(A)(i), a debtor shall provide tax returns to the trustee
______
a. within 7 days of filing a bankruptcy petition.
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*b. no later than 7 days before the first scheduled 341 Meeting of Creditors.
c. at the time of filing the bankruptcy petition.
d. only if requested as the trustee is a federal employee and has access to the debtor’s tax returns.
Copies usually aren’t requested in order to reduce the risk of fraud.
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Short Essay
1. What does BAPCPA stand for?
Answer: Bankruptcy Abuse Prevention Consumer Protection Act
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2. What is Chapter 7 known as?


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Information Classification: General