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Question
Bob has an annual income in excess of the mean income in Bob's state of residence. Bob files a bankruptcy petition. Under the Bankruptcy Abuse and Consumer Protection Act of 2005, Bob must opt fora. a Chapter 7 liquidation.
b. a Chapter 11 reorganization.
c. a Chapter 12 discharge plan.
d. a Chapter 13 repayment plan.
Answer
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Fact Pattern 41-1
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Fact Pattern 41-1
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