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BLaw 2 - Ch. 28 Quiz

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The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires that before an individual debtor receives a discharge in a Chapter​ _____ or Chapter​ _____ bankruptcy, the debtor must attend a personal​ _____ course approved by the U.S. Trustee.
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A bankruptcy trustee cannot be appointed in a Chapter 7 bankruptcy case.

- correct statements:
---> A bankruptcy may be appointed in a Chapter 11 case on a showing of​ fraud, dishonesty,​ incompetence, or gross mismanagement of the affairs of the debtor by current management.
---> Once​ appointed, a bankruptcy trustee becomes the legal representative of the​ debtor's estate.
---> A bankruptcy trustee must be appointed in a Chapter 12 bankruptcy case.
---> A bankruptcy trustee must be appointed in a Chapter 13 bankruptcy case.
evidence of payments received from employers within 120 days prior to the filing of the petition

- required:
---> a list of all property owned
---> a statement of the financial affairs of the debtor
---> a statement of the​ debtor's monthly​ income; current income and expenses
---> a list of secured and unsecured​ creditors, with addresses