An Individual Debtor Whose Schedule of Assets and Liabilities Includes

question 11

True/False

An individual debtor whose schedule of assets and liabilities includes consumer debts secured by property of the estate must file with the bankruptcy court clerk a statement of intention with respect to the retention or surrender of the property. If the property is claimed as exempt, the debtor must state whether he or she intends to redeem the property or to reaffirm debts secured by the property.

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Definitions:

Decisive

Being characterized by or displaying no or little hesitation; resolute in making decisions.

Culture Clusters

Groupings of cultures that share similar characteristics and are classified together based on geographical, linguistic, or cultural similarities.

Similar Set

A group of objects, ideas, or entities that share common characteristics or attributes.

Reducing Discrimination

Implementing measures and practices aimed at decreasing unfair treatment of individuals based on their race, gender, age, or other characteristics.