Exam No. _______
Put your EXAM NUMBER where indicated on the upper right hand
corner of this page. DO NOT put your name, ID number, or any
other form of identification anywhere on your examination.
When you finish the exam, hand your exam paper in at the front of
the room. You are not permitted to make copies of this examination
or of your answers.
Make your answers complete, but to the point. Answer only in the
space allotted for each question. Write in NORMAL SIZED
handwriting. Extra-small, micro-printing will NOT be appreciated,
and will make the grader peevish. Anything written outside of the
space provided will not be read and will not be taken into account in
grading your exam. Organize your answers well.
Please note that your submission of answers to this examination
constitutes assent to the following pledge which you should read well
BY THE ACT OF SUBMITTING MY EXAMINATION
PAPER AND/OR BLUE BOOKS FOR EVALUATION, I
DO PLEDGE ON MY HONOR THAT I HAVE NEITHER
GIVEN NOR RECEIVED ANY IMPROPER
ASSISTANCE AND THAT I WILL REPORT ANY
IMPROPER ASSISTANCE GIVEN OR RECEIVED BY
OTHERS OF WHICH I BECOME AWARE.
This is an OPEN BOOK exam. You may use any materials which
you bring with you to the exam. However, you may not use
materials in the library or electronic databases. Furthermore, any
collaboration of any sort, with any individual, is a violation of the
above Honor Pledge to which I will respond by failing the parties
You have 3 hours to complete this examination. Each question has
its point value noted. I wish you all the best of luck in the future.
Mr. and Mrs. Karolya have just proposed a standard three-year plan in their
chapter 13 bankruptcy case. They are a retired couple who receive, after taxes,
$2,500 total income from a combination of social security and pension plan
savings. Their chapter 13 plan proposes to pay a total of $48