CBA Study Guide 2026
Everything you need to pass the CBA exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📚 CBA Topics to Study (18)
✍️ Sample CBA Questions & Answers
1. Under the US Bankruptcy Code, what is the deadline for most creditors to file a proof of claim in a Chapter 7 case?
Under FRBP 3002(c), most creditors must file a proof of claim no later than 90 days after the first date set for the meeting of creditors under §341.
2. What is the most common mistake professionals make when implementing bankruptcy laws & procedures strategies?
Developing contingency plans for high-probability risk scenarios is the correct approach because effective bankruptcy laws & procedures in the bankruptcy administrator field requires adherence to professional standards, evidence-based practices, and systematic methodology. This approach ensures consistent, high-quality outcomes while maintaining professional accountability.
3. What is an 'executory contract' in the context of US bankruptcy proceedings?
An executory contract is one where both parties still have material obligations remaining to be performed, making rejection or assumption necessary in bankruptcy.
4. Which section of the Bankruptcy Code allows a trustee to avoid fraudulent transfers?
Section 548 empowers the trustee to avoid transfers made with actual fraudulent intent or for less than reasonably equivalent value within two years before the petition.
5. Who is primarily responsible for managing the case timeline in bankruptcy court?
The court and trustee oversee timelines and ensure that both debtors and creditors meet required deadlines.
6. Which section of the Bankruptcy Code governs the allowance and disallowance of claims?
Section 502 of the Bankruptcy Code governs the allowance and disallowance of claims against the estate.