Ask Question
24 July, 07:41

Which of the following statements is correct? Group of answer choices Failure of the debtor to attend (unless excused) the creditor's meeting is a failure to co-operate and grounds for denial of the debtor's discharge in a Chapter 7 bankruptcy. A written statement signed by the debtor that s/he has attended sessions with an approved credit-counseling agency is required as a duty of the debtor. If the court finds that a debtor meets the median-family-income test, the court cannot dismiss a Chapter 7 petition based on abuse. A copy of the debtor's federal tax return for the most recent year prior to filing is not required, owing to the privacy right of the debtor.

+2
Answers (1)
  1. 24 July, 11:07
    0
    Failure of the debtor to attend (unless excused) the creditor's meeting is a failure to co-operate and grounds for denial of the debtor's discharge in a Chapter 7 bankruptcy.

    Explanation:

    If a debtor failed to attend all hearings subject to bankruptcy proceedings, he can use as a good reason or basis to to deny discharge of the debtor's debts.

    What is required of debtor is to be present at a meeting called by a creditor where it is possible for him to be examined under oath in order obtain related information from him, like the amount and location of assets. A debtor is then considered not to ready to cooperate if he fails to attend the creditor's meeting.

    The inclusion of a certificate from an approved credit-counseling agency which attest to the creditor's attendance at the agency is one of the document that is required from a debtor's filing of a Chapter 7 petition
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following statements is correct? Group of answer choices Failure of the debtor to attend (unless excused) the creditor's ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers