This Exam is designed to introduce you to the concepts of the Chapter 13 bankruptcy process. It is not designed to measure your Chapter 13 petition drafting skills. The material is not available from any other source and will walk you through many concepts that will lay a solid foundation for your growth in understanding the Chapter 13 petition and plan. This exam will teach you:
** What is the role of the Chapter 13 trustee?
** How long does the Chapter 13 last?
** What happens if a debtor forgets to list a creditor?
** What happens if an attorney does not respond to a Motion?
** Can the debtor purchase property during the Chapter 13 Plan?
** What does it mean to have a case dismissed?
** What happens to any debts not paid in full when the Chapter 13 Plan is completed?
** What are the steps for completing a Chapter 13 bankruptcy petition?
** How are debts classified within the Chapter 13 Plan?
** What does it mean for a debt to be paid Prorata?
** What does it mean for a debt to be paid Long Term?
** What does it mean when a debt is paid INSIDE the Chapter 13 Plan?
** How do you balance out Schedule I and J?
** How are Chapter 13 Plan payments determined?
** How should expenses be calculated on Schedule J?
** What is a cram down on a motor vehicle?
** How are mortgages crammed down?
** What does it mean to STRIP a mortgage?
** and much, much more
After studying the information in this material, you will complete a 35 question test online and obtain your score immediately. Each question is worth 3 points. A perfect score is 105 points. You must pass with a grade of 100% or higher to be issued a personalized Certificate of Training.