Study Books Used in Class:
The ABC’s of Debt, Stephen P. Parsons, Wolters Kluwer Publishers – 2nd Edition, CHAPTERS 16 AND 17.
DIRECTIONS- ANSWER THE FOLLOWING QUESTIONS CAREFULLY AND FULLY. PLEASE FOR EACH QUESTION, ANSWER EACH QUESTION THAT IS WITHIN EACH QUESTION. PLEASE REF. THE TEXT- The ABC’s of Debt, Stephen P. Parsons, Wolters Kluwer Publishers – 2nd Edition, CHAPTERS 16 AND 17 TO ANSWER THESE QUESTIONS. FOR EACH QUESTION I HAVE SHOWN THE CHAPTER RELATED TO EACH QUESTION. ALSO PLEASE FOLLOW THE LENGTH FOR EACH QUESTION THAT I PROVIDED FOR YOU BELOW.
1. Explain the procedure the trustee must follow in objecting to a creditor’s claim, including the time frame for making the objection. (Two paragraphs for your answer) (Chapter 16 question)
2. Explain the right to setoff. (One paragraph for your answer) (Chapter 16 question)
3. List at least 3 of the Section 507 priority claims. (Chapter 17 question)
4. What are the grounds upon which a discharge may be revoked and what are the time frames for moving to revoke a discharge? Two short paragraphs please. (Chapter 17 question)
***ATTENTION*** PLEASE REF. THE TEXT- The ABC’s of Debt, Stephen P. Parsons, Wolters Kluwer Publishers – 2nd Edition, CHAPTERS 16 AND 17 TO ANSWER THESE QUESTIONS. FOR EACH QUESTION I HAVE SHOWN THE CHAPTER RELATED TO EACH QUESTION.
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