Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

 

Debate This: Personal Bankruptcy
Chapter 26 p. 631

Three months ago, Janet Hart’s husband of twenty years died of cancer. Although he had medical insurance, he left Janet with outstanding medical bills of more than $50,000. Janet has worked at the local library for the past ten years, earning $1,500 per month. Since her husband’s death, Janet also has received $1,500 in Social Security benefits and $1,100 in life insurance proceeds every month, giving her a monthly income of $4,100. After she pays the mortgage payment of $1,500 and the amounts due on other debts each month, Janet barely has enough left over to buy groceries for her family (she has two teenage daughters at home). She decides to file for Chapter 7 bankruptcy, hoping for a fresh start. Using the information provided in the chapter, answer the following questions.

Under the Bankruptcy Code after the reform act, what must Janet do before filing a petition for relief under Chapter 7?
How much time does Janet have after filing the bankruptcy petition to submit the required sched-ules? What happens if Janet does not meet the deadline?
Assume that Janet files a petition under Chapter 7. Further assume that the median family income in the state in which Janet lives is $49,300. What steps would a court take to determine whether Janet’s petition is presumed to be substantial abuse under the means test?
Suppose the court determines that no presumption of substantial abuse applies in Janet’s case. Nevertheless, the court finds that Janet does have the ability to pay at least a portion of the medical bills out of her disposable income. What would the court likely order in that situation?

Debate This:Rather than being allowed to file Chapter 7 bankruptcy petitions, individuals and couples should always be forced to make an effort to pay off their debts through Chapter 13.

testimonials icon
Analyze the scenario (suggested length of 23 pages) by doing the following:Discuss how an understanding of nursing-sensitive indicators could as...
testimonials icon
Condensed financial data of Arma Inc. follow. ARMA INC. Comparative Balance Sheets December 31 ...
testimonials icon
Individual Assignment: Popular American Culture Paper •Record your interactions with popular culture by documenting different ways that you consu...
testimonials icon
Order Grade A+ Academic Papers Instantly!...
testimonials icon
This week, the discussion topic has two parts. The responses are included in a single post. First, if your work se...
testimonials icon
BSHS 435 Week 2 Individual Assignment Sampling and Data Collection in Research Paper...
testimonials icon
CJA 364 Week 1 Individual Assignment Introduction to Criminal Procedure Write a 1,400- to 1,750-word paper in which you describe t...
testimonials icon
I need this assignment in 1 and half page. half page will be the abstract and 1 page critique of the sources listed. Read and critiq...
testimonials icon
Question Description Fundamentals of Nursing Models, Theories, and Practice discusses t...
testimonials icon
: Why should businesses participate in Public-Private Partnerships for Cybersecurity?Case Scenario:A large...
testimonials icon
DQ2a How is software and hardware firewalls different? Please provide an example. -150 wordsDQ2b What are the different firewalls tha...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65