Assets That a Debtor Gains After Filing a Chapter 7

question 52

True/False

Assets that a debtor gains after filing a Chapter 7 bankruptcy petition are generally not part of the bankruptcy estate unless they fall under an exemption.

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Definitions:

Motor Development

The progress of muscular coordination and the ability of movements by individuals, from simple to more complex physical actions.

Placenta

The principal organ of exchange between the mother and the developing organism, enabling the exchange of nutrients, oxygen, and wastes via the umbilical cord.

Amnion

A membrane that holds amniotic fluid.

Umbilicus

also known as the navel or belly button, is the scar on the abdomen resulting from the detachment of the umbilical cord following birth.