This is a one page writing, double space. I need a debate on my

This is a one page writing, double space. I need a debate on my colleague’s work. Your position needs  to be backed up by the united states law. Your debate needs to be cited. I will provide the book chapter…   Work from my classmate is bellow…..  Personal Bankruptcy  Three months ago, Janet Hart’s husband of twenty years died of cancer. Although he had medical insurance, he left Janet with outstanding medical bills of more than $50,000. Janet has worked at the local library for the past ten years, earning $1,500 per month. Since her husband’s death, Janet also has received $1,500 in Social Security benefits and $1,100 in life insurance proceeds every month, giving her a monthly income of $4,100. After she pays the mortgage payment of $1,500 and the amounts due on other debts each month, Janet barely has enough left over to buy groceries for her family (she has two teenage daughters at home). She decides to file for Chapter 7 bankruptcy, hoping for a fresh start. Using the information provided in the chapter, answer the following questions. Under the Bankruptcy Code after the reform act, what must Janet do before filing a petition for relief under Chapter 7? How much time does Janet have after filing the bankruptcy petition to submit the required sched-ules? What happens if Janet does not meet the deadline? Assume that Janet files a petition under Chapter 7. Further assume that the median family income in the state in which Janet lives is $49,300. What steps would a court take to determine whether Janet’s petition is presumed to be substantial abuse under the means test? Suppose the court determines that no presumption of substantial abuse applies in Janet’s case. Nevertheless, the court finds that Janet does have the ability to pay at least a portion of the medical bills out of her disposable income. What would the court likely order in that situation? Debate This: Rather than being allowed to file Chapter 7 bankruptcy petitions, individuals and couples should always be forced to make an effort to pay off their debts through Chapter 13 ANSWER: Q1: Before filing a bankruptcy petition, the Bankruptcy Code after the reform act requires that Janet ensure that she has a certificate from an approved credit counseling agency, confirming her attendance of individual counseling sessions on finances six months before filing the petition (DeNicola). Q2: Janet has a deadline of 45 days after filing for bankruptcy to present schedules to the bankruptcy court, and failure results in an automatic dismissal of the petition (Miller 611). Q3: In a case where Janet files for Chapter 7 bankruptcy, she will undergo the substantial abuse and mean test examination to ensure she qualifies for bankruptcy (Miller 611). The court will compare her average median income of $49,200 per year and state median family income of $49,300 per year.  Given that her income is lower than the state median income, she qualifies for relief as she does not satisfy substantial abuse. Q4: Suppose Janet qualifies for bankruptcy without substantial abuse, yet she can pay a portion of medical bills. In that case, the court can decide to reduce the medical insurance cover provided for Janet to enable her to make payments of portions of her medical bills. Debate Chapter 7 and Chapter 13 bankruptcy petitions both have their pros and cons; however, Chapter 13 presents the best option for individuals and couples. Chapter 13 gives the debtor control over their property than chapter 7. Chapter 7 offers courts legal possession allowing them to determine which property to sell to repay loans. However, Chapter 13 allows debtors to retain the property but develop a plan for repayment with the court over three to five years, giving them ample time to complete payments (US Court). Chapter 13 offer broad debt discharges as compared to Chapter 7. Chapter 7 provides discharges after selling non-exempt property and paying secure debtors (DeNicola). However, it does not discharge obligations for child support and student loans. Chapter 13 discharge includes property settlement debts in divorce and debts from non-dischargeable tax obligations (US Court). Chapter 13 offers third-party protection from guarantors. Chapter 7 discharges consumer debts but does not protect guarantors from the obligation to pay debts. Chapter 13 prevent creditors from protecting guarantors from financial obligation to the creditor (US Court). Therefore, it is more suitable to apply Chapter 13 than Chapter 7 bankruptcy. Works Cited DeNicola, Louis. “What Is Chapter 7 Bankruptcy?” Check Your Free Credit Report & FICO® Score – Experian, 6 Dec. 2019, www.experian.com/blogs/ask-experian/what-is-chapter-7-bankruptcy/. Miller, Roger L. Business Law Today. 12th ed., Cengage Learning, 2019. pp 1046. US Courts. “Chapter 13 – Bankruptcy Basics.” United States Courts, 2021, www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-13-bankruptcy-basics.

Don't use plagiarized sources. Get Your Custom Essay on
This is a one page writing, double space. I need a debate on my
From $10/Page
Order Essay
MyCourseWriter
Order NOW For A 35% Discount!
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Homework Writing

Do you need to ace your test? We have qualified writers to assist you in writing 100% quality homework writing. Mycoursewriter offers students unique and personalized custom papers that help them in getting good grades. Our academic experts will assist you with your dissertation papers, thesis writing, research papers, term papers, and case study homework help. Our writers are experienced and have perfected the art of crafting the best essay writing papers regardless of your academic level. Order now and get our superb homework writing services.

Expert Academic Writers

A student needs professional assistance outside class time. Before hiring our writers, they undergo thorough tests and strict educational backgrounds. After passing a test, our writers undergo training to ensure they deliver expert professional papers to our customers. We ensure they meet the timely delivery of papers and follow our customers' provided instructions. Every writer is an ENL writer and is from the USA, Canada, UK, or Australia. Our experts approach papers effectively depending on their area of specialization.

Affordable Price Guarantees

Is the deal too good to be true? Mycoursewriter is the most affordable assignment help website on the market. We consider students' daily needs for academic help. Our paper costs are reasonably priced to approximately 90% of students around the globe. Our main aim is to ensure students achieve academic excellence, and we believe inconsiderable prices should not hinder students from getting quality homework writing help. In case of any dissatisfaction, we offer unlimited revisions and rewrites without extra charges.

Timely delivery of papers

Tight deadline? Is your paper due in the next few hours? Worry no more. Our writers are here for your rescue. Many college students find it hard to balance their social and academic life and get caught up with academic deadlines. Drafting your paper at the last minute does not allow you to conduct extensive research and craft the correct answers. We have expert writers ready to work on your assignment writing. Urgent writing services are the ultimate solutions you need. We guarantee you timely delivery of papers at your convenience and specified time delivery of the customer.

100% Original Tasks

The ultimate deal-breaker in achieving good grades is submitting imitative papers. Plagiarism is a breach of examination standards and has serious consequences. Students need to deliver papers written in their understanding by paraphrasing their research findings and relevant citations. Our expert's primary consideration is providing free plagiarized papers that meet the lecturers' requirements. Our editors will proofread your paper before delivery ad ensure your papers will not be substandard. We guarantee extreme originality, and in case of any customer concerns, we offer a plagiarism report.

All Round the clock Customer Support

Our website is user-friendly and super useful! Mycoursewriter is the most trusted online writing website always available to provide you with assignment writing services that you need. Our primary concern is meeting customer need specifications by our friendly customer support team that Is available all the time. Our website usability is self-learnable but in case of any problem, feel free to contact us directly through our website email: support@mycourserwiter.com. We have diligently satisfied thousands of students, and you can witness this on our sites' review page.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Advantages of Using Our Assignment writing Services

Mycoursewriter welcomes you for superb essay writing services. We are a legit site offering help with your most challenging homework writing assignments at affordable prices. Your essay paper will be assigned to a professional writer who will craft the paper from scratch according to your provided instructions.

Essays

Essay Writing and Proofreading Services

Essay writing is a common assignment writing for most college students. It takes a lot of time to craft a complete perfect essay. Mycourserwiter offers the best essay writing and proofreading services for most college students. Your paper is assigned to an expert writer who does thorough research on fresh ideas and personalizes your essay paper according to your assignment writing guidelines. Our essays are entirely exceptional and undergo a strict procedure that includes papers free from plagiarism and thorough proofreading.

Admissions

Admission and Business Papers

Writing an admission paper is not every student's desire, and this should not hinder any student from earning an admission. Writing a perfect personal statement to earn a position in a dream school or job can be stressful. Personal statements should display a high level of confidence and uniqueness. Admission essays require you to have a vast knowledge of the current happenings in the world and knowhow of the business world. We have qualified writers with skills who will write your admission paper through comprehensive research. All you have to do is provide us with little details about yourself, instructions and our writers will craft a perfect paper for you.

Editing

Editing and Proofreading

Mycoursewriter offers you assignment writing services free from grammatical and formatting mistakes. An error-free paper is significant in scoring the desired maximum grades. We have a team of editors who will go through your paper after our expert writers have delivered their fully crafted papers. Our writers will cover all the aspects of your paper instructions, such as fonts, spacing, and educational formats. Our team of editors will check through your paper to make sure it meets the formatting style provided in the paper instructions. Under no circumstances will a poorly formatted paper will be forwarded to you as our team of editors will ensure careful proofreading.

Coursework

Technical Papers

Assignment writing is part of a learning process, and one may not have the knowledge to answer all questions correctly. This should not be a stress to you as we have qualified essay writing experts to help you. Our qualified writers are holders of PhDs, Degrees, and Masters in different areas of study and can handle any papers regardless of the complexity. Multiple assignments may be challenging to finish on time. Our skilled professional writers are here to assist you in crafting all the correct answers for your assignment. Stop stressing about your homework writing and place an order with us, and our expert writers will provide you with the best assignment help.