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Ch 31 Bankruptcy discussion

Ch 31 Bankruptcy Discussion

Q 1) What is the difference between an Exception To Discharge in Bankruptcy and Objections To Discharge in Bankruptcy? 2) Explain the concept of a reaffirmation agreement 3) What is a debtor In Possession in a bankruptcy reorganization? 4) Explain the concept of the "cram down" provision in a bankruptcy reorganization?

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In case of Exception To Discharge in Bankruptcy, the debtor is denied any kind of discharge from the debt of the creditor. However, the other debts of the debtor are allowed to be discharged as many as possible by the creditor. The basis of this concept is the direction of specific type of misconduct towards a specific creditor.