Question 1

Which of the following is considered grounds for denial of discharge of a debtor's debts?

Accepted Answer

A)   A debtor's concealment or destruction of property with the intent to defraud a creditor
B)   Failure of the debtor to complete the required credit-counseling course
C)   Proceedings in which the debtor could be found guilty of a felony
D)   All of these choices are correct.

Question 2

A repayment-plan bankruptcy case can be initiated only by the filing of a petition by the

Accepted Answer

A)   U.S. trustee.
B)   debtor.
C)   creditors.
D)   judge.

Question 3

Bankruptcy courts are under the authority of the _______courts.

Accepted Answer

A)   state district
B)   state superior
C)   state trial
D)   federal district

Question 4

Today, debtors are likely to be

Accepted Answer

A)   imprisoned.
B)   forced into involuntary servitude.
C)   whipped.
D)   allowed to petition for bankruptcy relief.

Question 5

Chapter 7 bankruptcy provides for which of the following?

Accepted Answer

A)   Adjustment of debts of a municipality
B)   Reorganization of a corporation
C)   Liquidation proceedings
D)   Adjustment of farmers' debts

Question 6

What is an environmental impact statement, and when is one required?

Accepted Answer

The National Environmental Policy Act (N...

Question 7

Under federal bankruptcy laws, the debtor must have lived in the state for at least ______to use the homestead exemption.

Accepted Answer

A)   one year
B)   two years
C)   five years
D)   ten years

Question 8

To have made a preferential payment that can be recovered, a debtor generally must have transferred property, for a preexisting debt, within_______of the filing of the petition in Bankruptcy.

Accepted Answer

A)   ninety days
B)   120 days
C)   150 days
D)   one year of the filing of the petition in

Question 9

Educational loans are an example of which of the following?

Accepted Answer

A)   Nondischargeable debts
B)   Dischargeable debts
C)   Exempt debts
D)   Excluded debts

Question 10

The_________ imposes new duties on trustees with regard to means testing for debtors in Chapter 7 proceedings.

Accepted Answer

A)   U.S. Code
B)   Bankruptcy Code of 1978
C)   Bankruptcy Reform Act of 2005
D)   Bankruptcy Reform Act of 2000

Question 11

What changes did the 2005 Bankruptcy Reform Act make to the use of state homestead exemptions in bankruptcy proceedings?

Accepted Answer

The 2005 Bankruptcy Reform Act significa...

Question 12

The property that a bankruptcy filer is allowed to keep so as to have a fresh start is known as which of the following?

Accepted Answer

A)   Restart property
B)   Exempt property
C)   Excluded property
D)   Untouchable property

Question 13

Those who knowingly violate the Clean Air Act may be subject to__________ penalties.

Accepted Answer

A)   judicial
B)   criminal
C)   moral
D)   environmental

Question 14

Phyllis intentionally conceals assets on her petition for bankruptcy. Phyllis has committed a _________crime.

Accepted Answer

A)   federal
B)   state
C)   common law
D)   petty

Question 15

Child support payments are an example of which of the following?

Accepted Answer

A)   Nondischargeable debts
B)   Dischargeable debts
C)   Exempt debts
D)   Excluded debts

Question 16

SuperGas, Inc. violates the EPA's Clean Air Act emission limits. SuperGas can be fined up to_______

Accepted Answer

A)   $25,000
B)   $50,000
C)   $250,000
D)   $1 million

Question 17

As a paralegal preparing a proof of claim for a client, you should

Accepted Answer

A)   key in the client-creditor's name and address.
B)   insert the amount that the debtor owes the client.
C)   enter the date and the debtor's name.
D)   All of these choices are correct.

Question 18

The first toxic chemical problem to receive widespread public attention was that posed by which of the following?

Accepted Answer

A)   Asbestos
B)   Pesticides and herbicides
C)   Mercury and mercury compounds
D)   Polychlorinated biphenyls

Question 19

Describe a liquidation proceeding under Chapter 7. Who may and may not be a debtor in a liquidation proceeding? How is the proceeding commenced?

Accepted Answer

The answer of Describe a liquidation proceeding under Chapter 7....

Question 20

President Richard Nixon created the Environmental Protection Agency in

Accepted Answer

A)   1960.
B)   1969.
C)   1970.
D)   1974.

Exam 19: Bankruptcy and Environmental Law

Those who knowingly violate the Clean Air Act may be subject to__________ penalties.

Correct AnswerverifiedShow Answer

The property that a bankruptcy filer is allowed to keep so as to have a fresh start is known as which of the following?

Correct AnswerverifiedShow Answer

Bankruptcy courts are under the authority of the _______courts.

Correct AnswerverifiedShow Answer

President Richard Nixon created the Environmental Protection Agency in

Correct AnswerverifiedShow Answer

What changes did the 2005 Bankruptcy Reform Act make to the use of state homestead exemptions in bankruptcy proceedings?

Correct AnswerverifiedThe 2005 Bankruptcy Reform Act significa...View AnswerShow Answer

Educational loans are an example of which of the following?

Correct AnswerverifiedShow Answer

What is an environmental impact statement, and when is one required?

Correct AnswerverifiedThe National Environmental Policy Act (N...View AnswerShow Answer

To have made a preferential payment that can be recovered, a debtor generally must have transferred property, for a preexisting debt, within_______of the filing of the petition in Bankruptcy.

Correct AnswerverifiedShow Answer

Describe a liquidation proceeding under Chapter 7. Who may and may not be a debtor in a liquidation proceeding? How is the proceeding commenced?

Correct AnswerverifiedShow Answer

Chapter 7 bankruptcy provides for which of the following?

Correct AnswerverifiedShow Answer

Today, debtors are likely to be

Correct AnswerverifiedShow Answer

Child support payments are an example of which of the following?

Correct AnswerverifiedShow Answer

Phyllis intentionally conceals assets on her petition for bankruptcy. Phyllis has committed a _________crime.

Correct AnswerverifiedShow Answer

The_________ imposes new duties on trustees with regard to means testing for debtors in Chapter 7 proceedings.

Correct AnswerverifiedShow Answer

Which of the following is considered grounds for denial of discharge of a debtor's debts?

Correct AnswerverifiedShow Answer

A repayment-plan bankruptcy case can be initiated only by the filing of a petition by the

Correct AnswerverifiedShow Answer

As a paralegal preparing a proof of claim for a client, you should

Correct AnswerverifiedShow Answer

SuperGas, Inc. violates the EPA's Clean Air Act emission limits. SuperGas can be fined up to_______

Correct AnswerverifiedShow Answer

Under federal bankruptcy laws, the debtor must have lived in the state for at least ______to use the homestead exemption.

Correct AnswerverifiedShow Answer

The first toxic chemical problem to receive widespread public attention was that posed by which of the following?

Correct AnswerverifiedShow Answer

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The 2005 Bankruptcy Reform Act significa...
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The National Environmental Policy Act (N...
View Answer

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