Explain the ramifications of an individual debtor retaining possession-for more than 45 days after the date first set for the meeting of creditors-of collateral securing a purchase-money security interest without redeeming the collateral or entering into a reaffirmation agreement.
What will be an ideal response?
The automatic stay is terminated with respect to the property, and the property is abandoned as an asset of the bankruptcy estate.
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Who may asks questions of potential jurors during voir dire?
A) Plaintiff's attorney B) Defendant's attorney C) The judge D) All of the above
Despite the best evidence rule, a party may generally offer a copy of a document in evidence unless:
A. It accurately reflects the contents of the original B. There is testimony offered to authenticate it C. The copy was made in anticipation of litigation D. There is evidence of bad faith or a genuine question of authenticity E. All of the above
Our clients have been notified of a default on their mortgage. This also included notice of a ____, which could be used to find the means to settle the arrearage
a. Restatement period b. Retaliation period c. Foreclosure period d. Reinstatement period
Under 11 U.S.C. ยง524(a)(1)(2), the discharge of debt through bankruptcy acts as a statutory ________ against any collection efforts the creditor asserts
Fill in the blank(s) with correct word