A legal process used by a creditor to collect a debt by seizing a portion of the wages of a debtor who is NOT in bankruptcy is called what?

In October 2005 the federal bankruptcy code was significantly amended to add a “means test” for individuals seeking bankruptcy protection.  Since then, if a debtor makes more than the state median income, the debtor

Assume the following timeline.May 1 — Ace Bank loans money to Kramer Company to fund the purchase of Inventory A. Ace Bank requires Kramer to sign a security agreement that provides that Ace Bank gets a security interest in Inventory A as well as a security interest in all equipment and inventory that Kramer may acquire in the future.May 2 — Inventory A is delivered to Kramer.May 3 — Ace Bank files a financing statement relating to the collateral.May 4 — Bobs Bank loans money to Kramer Company to fund the purchase of Equipment B. Bobs Bank and Kramer sign a security agreement that provides that Bobs Bank gets a security interest in Equipment B, plus Bobs Bank also gets a security interest in all other currently owned equipment and inventory and all equipment and inventory that Kramer may acquire in the future.May 5 — Equipment B is delivered to KramerMay 6 — Bobs Bank files a financing statement relating to the collateral.May 10 — Kramer Company uses its own funds to buy Equipment C.June 10 — Kramer goes broke and defaults on everything.Who gets what?

Kramer owes several creditors lots of money. His only two friends happen to also be creditors. Kramer uses his last few dollars to pay the debts he owes to his two friends. The next week Kramer files bankruptcy.

The type of bankruptcy most commonly used by corporations is

Which of the following parties can obtain and benefit from a PMSI?

The square root of 144 is

Kramer owns a farm in Minnesota.  He generally hates people and dogs, so he posts several “No Trespassing” signs around the property. Zeno drives his snowmobile onto Kramer’s property without permission, and sustains serious injury when he drives through a wire fence that surrounds Kramer’s pasture.  Tortious, Kramer’s son, has permission to hunt on Kramer’s property.  A ladder to a tree stand is in disrepair, and Tortious is severely injured when the ladder breaks. Both Zeno and Tortious sue Kramer for negligence. What is the probable outcome of each lawsuit?

Kramer owns the dominant estate that benefits from an easement that allows automobile access across Serge’s property, which is directly west of Kramer’s property.  Kramer no longer needs the easement, and so he built a rock wall along the western boundary. Serge now wants to build a pool on a portion of his land that is part of the easement.  Can he? Why or why not?

A spouse who owns 100% of a homestead can convey that property without the consent of the other spouse.