Study Books Used in Class:
TEXT- The ABC’s of Debt, Stephen P. Parsons, Wolters Kluwer Publishers – 2nd Edition, CHAPTERS 14 AND 15.
DIRECTIONS- PLEASE ANSWER THE FOLLOWING QUESTIONS FULLY AND COMPLETELY. PLEASE REF. THE TEXT- The ABC’s of Debt, Stephen P. Parsons, Wolters Kluwer Publishers – 2nd Edition, CHAPTERS 14 AND 15 TO ANSWER THESE QUESTIONS. I HAVE STATED WHAT CHAPTER EACH QUESTION IS LOCATED IN, IF THAT HELPS. I HAVE ALSO STATED HOW LONG EACH ANSWER HAS TO BE FOR EACH QUESTION. THE MAIN THING IS FOR THIS ASSIGNMENT IS TO FOLLOW ALL THE DIRECTIONS THAT I PROVIDED FOR YOU AND REF THE TEXT- The ABC’s of Debt, Stephen P. Parsons, Wolters Kluwer Publishers – 2nd Edition, CHAPTERS 14 AND 15 TO ANSWER THESE QUESTIONS. THANKS.
1. Explain the joint petition, consolidation and joint administration in two short paragraphs. (Chapter 14 question)
2. What is an involuntary petition? (One paragraph please) (Chapter 14 question)
3. What are the federal exemptions and what is the right of states to opt out? (Two short paragraphs -Discuss federal exemptions in general and list only two federal exemptions at the most in your answer and explain the state opt out) (Chapter 14 question)
4. What is the Automatic Stay? (Two short paragraphs) (Chapter 15 question)
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