Bankruptcy-Explain the procedure followed in distributing the debtor’s estate under Chapter 7.
Bankruptcy • Explain (1) the requirements for voluntary and involuntary bankruptcy cases, (2) the priorities of creditors’ claims, (3) the debtor’s exemptions, and (4) the debts that are not dischargeable in bankruptcy. • Explain the duties of a trustee and his rights (1) as a lien creditor, (2) to avoid preferential transfers, (3) to avoid […]