Bankruptcy and Collections FINAL Flashcards
(6 cards)
1
Q
How many questions on the exam?
A
60?
2
Q
Chapter 7
A
Basically means-
3
Q
Chapter 13
A
4
Q
Who can and can’t file chapter 13?
A
Individuals, not business entities with less than $526,700 unsecured debt, and $1,758,000 of secured debt
5
Q
Applicable commitment period?
A
A chapter 13 plan of 36 or 60 months that specifies how each creditor’s “claim” will be treated
6
Q
A
