Sometimes referred to as the last resort plan, Chapter 13 is available for individuals who have regular income and who have sufficient disposable income each month to repay a significant portion of their debts
Indicate whether the statement is true or false
FALSE
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State constitutional law may not decrease or limit federally secured rights, but a state may extend rights ________ what the federal Constitution secures
Fill in the blank(s) with correct word
Secured debt gives the creditor, called a_______creditor,the right to attempt to get control of the property, such as a house, a car, or other assets, that the debtor originally offered to the lender to obtain a loan.
A. liable B. secured C. primary D. legal
Which of the following is the correct order of the three phases of the probate process?
a. Pre-probated, estate administration, and the actual probate b. The actual probate, estate administration, and pre-probate c. Estate administration, pre-probate, and the actual probate d. Pre-probate, the actual probate, and estate administration
For Chapter 7 filers, the Means Test compares the debtor's annual income to the mean income of households of similar size in their state
Indicate whether the statement is true or false