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Allison's Bankruptcy on Any Debt Owed by Sean Has What

Question 41

Multiple Choice

Allison's bankruptcy on any debt owed by Sean has what effect, if any?


A) Sean is not released and will be liable for the loan amounts.
B) Sean is released in the same manner that Allison is released.
C) Sean 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) Sean 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) Sean is released only if Allison failed to give him sufficient notice of her plans to file bankruptcy.

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