In the First Decade of the Twenty-First Century

question 13

Multiple Choice

In the first decade of the twenty-first century,

• A) African Americans constituted three percent of the nation's college population.
• B) there was little-to-no economic disparity between black and white professionals.
• C) half of all African Americans lived in poverty as members of the "underclass."
• D) half of all African Americans were members of the middle class.
• E) the percentage of black high school graduates going to college still lagged significantly behind that of white high school graduates.

Understand the distinction between different types of bankruptcies including Chapter 7, 11, and 13, and the purposes they serve.

Identify the legal requirements for filing bankruptcy and the consequences of bankruptcy fraud.

Recognize the effects of an automatic stay and the priority of claims in the distribution of the debtor’s estate.

Comprehend the concept of secured versus unsecured debt and how it impacts the bankruptcy process.