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The flashcards related to debtor-debitor relationships will cover
these topics:
- Rights and Duties-Debtors and Creditors
- General creditor, lien creditor, governmental creditor, collection
rights, debtor, surety, guarantor, collateral.
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- Rights and Duties-Guarantors
- Suretyship, requirements to create a valid surety agreement,
3 types of surety agreements, surety's rights against a creditor
or co-surety, difference between CO-surety, subsurety and guarantor,
independent consideration necessary to support a surety relationship,
defenses of a surety in cases of default.
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- Bankruptcy
- Purpose of bankruptcy law, equity vs. bankruptcy insolvency,
5 chapters of bankruptcy reform, involuntary bankruptcy petitions,
debtor's contest of involuntary bankruptcy, types of debts not
discharged in bankruptcy proceedings, actions resulting in general
denial of discharge, automatic stay, involuntary gap, order of
relief priority, powers of a trustee, elements of a preferential
transfer, chapter 7 bankruptcy, chapter 11 bankruptcy, chapter
13 bankruptcy.
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