Multiple Choice
Allison's bankruptcy on the debt owed by her father has what effect, if any?
A) Allison's father is liable for the debt as he was when he initially signed the loan agreement.
B) Allison's father is released in the same manner that Allison is released.
C) Allison's father is released only if the bank failed to take sufficient steps to sue Allison and require payment of the loan before she filed for bankruptcy.
D) Allison's father is released only if the bank failed to notify him of the bankruptcy in sufficient time to allow him to make a proper claim against Allison in bankruptcy court.
E) Allison's father is released only if Allison failed to give him sufficient notice of her plans to file bankruptcy.
Correct Answer:

Verified
Correct Answer:
Verified
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