Jill earns $200,000/year. This level of income is far above the median annual income in her state. She has some outstanding debts and has decided to file a Ch. 7 bankruptcy. Based on these facts a bankruptcy judge will probably do which of the following?
A. Dismiss her case and order that she cannot file for bankruptcy again for 10 years.
B. convert her Ch. 7 filing to a Ch. 13 filing.
C. convert her Ch. 7 filing to a Ch. 11 filing.
D. convert her Ch. 7 filing to a Ch. 9 filing.
E. Order that since she has so much cash on hand she would not be allowed to use a trustee in the proceeding.
Answer: B. convert her Ch. 7 filing to a Ch. 13 filing.
Business
You might also like to view...
Which piece of legislation states that employees must be informed in advance prior to a plant closing
A. FMLA B. WARN C. OFCCP D. ADA
Business
What is the late start time for Activity E given the activity times and precedence requirements shown in the table?
Activity Time Predecessor A 5 -- B 7 -- C 8 A D 7 A E 4 B F 8 C, D G 9 E, F H 7 G A) 14 B) 15 C) 16 D) 17
Business