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| During this program, John Norman explains the different chapters of the federal bankruptcy code, including the means test and the credit counseling requirement. He contrasts voluntary and involuntary bankruptcy and outlines the disposition of a bankrupt’s property. Jack explains preferential transfers, fraudulent conveyances, the priority of debts, and limitations on discharge. He outlines the roles of creditors, debtors, and trustees. Jack compares suretyship and guaranty contracts, highlighting the differences and similarities. He explains the obligations, rights, defenses, and remedies of sureties and guarantors. Jack reviews 31 multiple choice questions, explaining incorrect as well as correct responses. Approximate time is 2:10 |
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