What is the best-interests-of-creditors test?
What will be an ideal response?
Under 11 U.S.C.A. § 1325(a)(4), for a Chapter 13 plan to be confirmable, the value-as of the effective date of the plan-of property to be distributed under the plan on account of each allowed unsecured claim is not less than that amount that would be paid on such claim if the estate of the debtor were liquidated under chapter 7 on such date.
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Case law is the findings of the courts
Indicate whether the statement is true or false
Ned's will appointed Sally as his personal representative, and Jane as alternate. Jane filed a petition seeking appointment as personal representative, but Sally wants the job. Which of the following should be the basis for her objection?
a. Priority for Appointment b. Incapacity c. Illegality d. Improper Execution
A “bypass trust” requires the trustor to create two trusts.
Indicate whether the statement is true or false.
Why does a legal team conducting an IP audit often meet with company employees first to explain the nature and process of the audit??
What will be an ideal response?