CA CLS Bankruptcy Practice Questions - California Certified Specialist - Bankruptcy Law Examination Exam - CA CLS Bankruptcy Practice Questions - California Certified Specialist

Question 1

Debtor files a Chapter 7 petition. The means test under 11 U.S.C. §707(b)(2) compares the debtor's current monthly income to which benchmark?

The federal poverty guidelines The state median family income for a household of the debtor's size The debtor's pre-petition income from the prior 12 months The IRS national standards for living expenses

Correct Answer:

The state median family income for a household of the debtor's size

Question 2

A California debtor wishes to claim the federal bankruptcy exemptions under 11 U.S.C. §522(d). May the debtor do so?

Yes, debtors always have a federal/state election No, California has opted out under §522(b)(2) and debtors must use California state exemptions Yes, but only if the debtor has lived in California less than 730 days Only with court approval after a noticed hearing

Correct Answer:

No, California has opted out under §522(b)(2) and debtors must use California state exemptions

Question 3

The §362 automatic stay arises at what moment?

When the bankruptcy schedules are filed When the §341 meeting is held Automatically upon the filing of the bankruptcy petition When the court enters an order confirming the stay

Correct Answer:

Automatically upon the filing of the bankruptcy petition

Question 4

A Chapter 13 plan is for what maximum duration under §1322(d)?

Three years Five years Seven years Ten years

Correct Answer:

Five years

Question 5

A creditor receives a $10,000 payment on an unsecured antecedent debt 60 days before the debtor's Chapter 7 filing. The debtor was insolvent at the time. The creditor would have received only $4,000 in a hypothetical Chapter 7 liquidation absent the transfer. The trustee may recover up to what amount as a §547 preference?

$$0 because the creditor was acting in good faith $$4,000 $$6,000 (the amount above what the creditor would have received in Ch. 7) $$10,000

Correct Answer:

$$10,000

Question 1

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About this Exam

Prepare with the CA CLS Bankruptcy Practice Questions - California Certified Specialist - Bankruptcy Law Examination Exam practice quiz. This question bank includes 100 questions covering debtor, creditor, trustee, property, and plan. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CA CLS Bankruptcy Practice Questions - California Certified Specialist - Bankruptcy Law Examination Exam

This practice set contains 100 questions from the matching question bank and focuses on debtor, creditor, trustee, property, and plan. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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CA CLS Bankruptcy Practice Questions - California Certified Specialist - Bankruptcy Law Examination Exam

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