CBS Legal Filing & Court Procedures 3

Question 1

Which document must accompany a voluntary Chapter 7 petition to disclose all creditors and their addresses?

Accepted Answer

Master Creditor Matrix (mailing list)

Answer

A creditor mailing matrix listing all creditors and their addresses must be filed with or shortly after the voluntary petition to enable court notices.

Question 2

Under 11 U.S.C. § 341(a), who presides over the meeting of creditors?

Accepted Answer

The U.S. Trustee or a designee

Answer

Section 341(a) requires the U.S. Trustee to preside at the meeting of creditors; bankruptcy judges are prohibited from attending.

Question 3

What is the deadline for filing a complaint objecting to a Chapter 7 individual debtor's discharge under 11 U.S.C. § 727?

Accepted Answer

Within the time fixed by FRBP 4004, generally 60 days after the first § 341 meeting date

Answer

FRBP 4004(a) sets the deadline to object to discharge at 60 days after the first date set for the § 341 meeting of creditors.

Question 4

In a Chapter 11 case, what is the effect of the debtor's exclusive period to file a plan expiring without an extension?

Accepted Answer

Any party in interest may file a competing plan of reorganization

Answer

Once the debtor's exclusivity period expires, any party in interest, including creditors, may file a competing plan under § 1121(c).

Question 5

Which Federal Rule of Bankruptcy Procedure governs the filing of adversary proceedings in bankruptcy cases?

Accepted Answer

FRBP 7001 et seq.

Answer

FRBP 7001 through 7087 govern adversary proceedings, which are contested matters requiring a complaint and summons like civil litigation.

(CBS) Certified Bankruptcy Specialist Practice Test

(CBS) Certified Bankruptcy Specialist Practice Test

CBS Legal Filing & Court Procedures 3