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QUESTION

1-PLEASE SUMARIZE ANY Three (3) CASES (Cases start from 850 page to 854)a. THE FACTS OF THE CASEb. THE ISSUE AT THE LAW THE COURT IS CONSIDERINGc. HOW THE LAW WAS APPLIED IN THIS CASEd. CONCLUSION OF

1-PLEASE SUMARIZE ANY Three (3) CASES (Cases start from 850 page to 854)

a. THE FACTS OF THE CASE

b. THE ISSUE AT THE LAW THE COURT IS CONSIDERING

c. HOW THE LAW WAS APPLIED IN THIS CASE

d. CONCLUSION OF THE COURT

2- Explain in 1 paragraph each- the different types of Bankruptcy available under the law.

3- Please research the recent changes to the Bankruptcy Laws.  Summarize some of the new changes in 2 paragraphs and cite all references.

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*********** ***************** NameCourseDateChapter 38Case 38-1 ********** case ******** ******** ******** ** ******* * and ******* ** ************ Robert ******* ***** *** voluntary ********** petition ***** ******* 7 with **** DeGiacomo as *** ******* *** Citizens **** ** ************* as *** ********* ******** Marrama **** some ***** disclosure about some a ********** property ** ***** ** ********* *** ******** with * value ** zero and *** the property **** * ****** ***** **** ******* ******* ******** **** ** had ***** *** ******** ** * trust ***** ****** before *** ********** petition to avoid its inclusion ** *** *********** **** *** *********** *** trustees ******** ******* ** ***** ********* ** ******* *** ***** ******** ** the ********** *********** Marrama ******* to *** *** chapter ** ********** of ***** the ******* *** ********* ******** objected ******* ******** ** ******* *** Maine ******** as ******* ***** chapter ** ****** ** ******* 7 ***** the trustee controls *** *** ********* ****** ** the ********** proceedingsIssuesThe court had ** ********* ******* ** *** ******* had ** absolute ***** ** convert *** proceedings **** ******* * ** ******* ** *** court *** **** ** ********* ******* ******* *** acting in bad ***** *** *** ******* *** ********** ****************** **** ******* ******** ******** *** *** *** **** ** chapter * ** the ******* ********** **************** court ******** *** ***** ** ******* *** ********** ********* ******* Its conclusion ******** that ******* forfeited *** ***** ** ******* ** ******* ** ***** ** *** ******* the ******* *** ** ** bad ********* **** ************* ******* ***** *** ****** Gateway **** ******** * **** million **** to ******** the Radisson ***** ***** *** located ** the *** Angeles ************* ******* **** of *** **** was ** build a ******* ********* Its ******* **** *** ******** ***** ************ Loan ********** Fund **** the trustee being *** *********** **** The ******** *** a **** over *** *** debtor’s ****** ** part of *** **** ********* When the debtors ****** ** **** their ******* ***** *** ***** **** filed *** bankruptcy *********** ***** Chapter ** Part ** ***** ********** *** ** ******* the ********* **** credit ******* **** **** auctioned the ******** **** ****** *** debtors to *** in **** **** ***** ************ ** *** auction ad **** **** ** receive the **** ****** ***** *** **** ** *** assetIssueThe issue *** to ********* ******* **** of *** allowable ********* for *** ******* was to exclude a ****** *** from *** **** holder upon the auction ** *** ********** assetsLawThe laws included ******* ****** ******** ************* *** ****** of the ******* Bankruptcy **************** court ******** *** ***** court decisions *** concluded **** the debtor could *** ****** *** ****** *** **** *** ********* ******* express ******* **** *** lien *********** **** SummaryChapter ** allows *** ****** **** lacks collateral ** *** *** *** debts using disposable income ** this **** *** ********** *** ******** * ******* ******* from *** ******** ***** ******** her ********** ****** ** **** ** ** light ** her *** ********** *** ********** agreed ** *** **** * ***** *** ** months since *** ******** her ********** income **** *********** through the projected income ******** ******* of the ********** ******** *** ********** *** objected ** *** **** ***** ** could *** repay all *** **** *** ****** the ********** income ** ** ******** ************ ** ***** ** form 22IssueThe ***** was to determine ******* *** computation ** disposable ****** *** ** ** ********** ** use *** ********* ****** *************** ********** laws ******** Chapter ****** ******* **** ** *** ******* ********** Act and *** ********** Abuse ********** and ******** ********** ** ** ***************** court ******** *** ***** court’s ******* ** *********** **** *** calculation of *** ********* ****** should ******* *** ******* ** *** ********** ****** ****** ** ******** that are ********* ******* to occur ** *** confirmation ********* ** ******************* 7Chapter * ********** ******** *** ******** *********** of *** business assets It is ******* * ****** ********* *** * company **** ******** minimal ******** ********** ** ** ****** ********* ** *********** *** ***** to *** *********** ** *** business * ******* ** ***** elected ** ********* ** the ********* ** ******* the bankruptcy proceedings The trustee’s ******* ******** ** ** ****** **** *** the ******** **** *** liquidation *** *********** ** *** *** creditorsChapter ********* ** ************ *** ***** *** ***** ********** **** **** a ******** ****** ** ** ****** voluntary ** involuntary **** *** ***** ********** *** trustee ** ********* ******** *** The ******** has ** ******* * ******** plan on how ** **** handle *** *** ********* ********* The ********* *** ******* **** to ******* the **** before *** ********** *********** **** effectChapter ********* ** ***** of ********** are ******* to *********** **** * regular income *** ********** has * **** some **** limitations ****** *********** ***** It ** ********* ** those *********** that **** *** ********** ************ *** ****** to ***** ******* ** *** ************** ********** income ******** ** the ********** *********** *** ******* appointments ************ ***** ******** ** ********** *********** *** *** ********** ** *** “Mean Test” in ******* 7 ************ ****** *** changes ** *** ******** to ****** the **** ****** ***** ******* 13 and ******* * ********* ***** ***** ***** The *** ***** ********* that ****** *********** should ** conducted against the ****** household income *** * ****** of similar **** A mean **** was ***** ** accept those that **** ***** the ****** ****** ******* ******** *** **** ******* *** ******* ** ********* ** an individual is below *** ****** household incomeAnother adjustment *** ** ******* ** type ** ****** ******* ***** ******** ********** ******** ** *** **** of *** ******* ***** ******* ** *** ****** ******** ****** ***** *** new **** adjusted the allowable ******* ** *** *********** Instead ** ****** living expenses *** *** law ******** *** *** ** **** ***** ******** ******* ** **** 22 of *** IRS In ******* *** *** *** ********** * ********* **** *** ******* ********* income ** *** ****** ** the filing        References Albanesi S ***** Nosal J ****** ********** after *** 2005 ********** reform *** ******* ******** Bureau ** ******** ************* ****** L * (2019) ******************* ***** *** ******* ******** **** *** ***** ****** ******* of ********** Auditing ***** Finance ****************

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