What are the primary purposes of the bankruptcy code

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Reference no: EM131189825

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 from the chapter to a real-life situation.

Reference no: EM131189825

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