100% Original, Plagiarism Free, Tailored to your instructions

Order Now!


Question No.1
The trustee in bankruptcy has the powers to object to the claims of creditors. The powers of the trustee further extend to reviewing proofs and claims filed in bankruptcy proceedings. The trustee is assisted in the exercise of his/her duties by the debtor. The debtor has a duty to prepare a list of creditors and forward it to the trustee. In the reviewing of claims by the trustee, he/she frequently objects to claims by the creditors (Parsons, 284).
The procedure of objecting creditor’s claims involves the reviewing of the creditor’s claims and a request to the creditors to provide proof for their claim. If the creditor does not cooperate, then the trustee files an objection which has the effect of taking the matter to the bankruptcy court for determination. The creditors are given 30days notice to an objection of a claim by the trustee. The lapse of thirty days without objecting the creditor’s objection by the trustee may categorize the claim as time barred. However, extension of time can be sought if sufficient cause is shown. Court may entertain the application out of the thirty days lapse though in rare situations when it is for the interest of justice (Parsons, 279).
Question No.2
The right to set off is a common law right. The right to set off is to the effect that a bank is not permitted to set off the money in the debtors account against paying the amounts owed by the debtor to the bank after the bankruptcy petition has been filed in court. The right operates against a bank even when it has acted in good faith without knowledge. The automatic stay continues until the lift of the stay is filed in the bankruptcy court. Set off is not lost by filing a petition, it is simply stayed for a period of the prescribed time (Parsons, 320).
Question No.3.
Certain claims in bankruptcy proceedings are given priority over even secured creditors. They include;

The trustees and their attorneys are the first to be considered for payment.
Claims of child support and alimony.

All wages owed to the employees working for the debtor either before or after being declared bankrupt.

Customer’s deposits are also given priorities.
All taxes including income, property and withholding tax (Parsons, 327).

Question No.4.
The court has the discretion to revoke the discharge from bankruptcy in certain circumstances. The court may revoke a discharge upon a request by the trustee or the creditor. One of the most fundamental grounds to prove is that the discharge was obtained through fraud. Essentially, that may involve substantial non disclosure of certain information like he/she acquired property which was to be used in the settling the creditors claims (Parsons, 400).
Failure to clearly explain any misstatement in the audit, and deliberate refusal to offer information for the audit case is a valid ground for revocation of discharge of bankruptcy. It is the requirement of the law that the revocation of discharge should be filed within one year after the discharge or barely before the closing of the case. The mandate to revoke a discharge rests with the courts of law. Court takes a close consideration to the allegations made by the petitioners seeking revocation and then decides whether to revoke the discharge. If fraud is proved then the discharge will be revoked (Parsons, 411).

Our Service Charter

  1. Excellent Quality / 100% Plagiarism-Free

    We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
  2. Free Revisions

    We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
  3. Confidentiality / 100% No Disclosure

    We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
  4. Money Back Guarantee

    If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
  5. 24/7 Customer Support

    We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

Instant Quote

Single spaced
approx 275 words per page
Urgency (Less urgent, less costly):
Total Cost: NaN

Get 10% Off on your 1st order!