Apply an interesting concept to real-life situation

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1. What are the primary purposes of the Bankruptcy Code? 

2.  Describe the creditor actions that are automatically held in abeyance when the debtor files a bankruptcy petition. 

3.  When is a debtor allowed to void liens on his properties? What type of liens can be voided on this basis? 

4.  Who are the different unsecured creditors who receive distributions of a debtor's estate? 

5.  List some types of debts that are not affected by the discharge of a bankrupt debtor. 

6.  Apply an interesting concept to a real-life situation.

Reference no: EM131188316

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