Chapter 7 of the U.S. Bankruptcy Code

Multiple Choice

Chapter 7 of the U.S. Bankruptcy Code:

A) restores all the losses incurred by the borrower.
B) results in the loss of all the assets of the debtor.
C) requires the debtor to pay back the debt in the future.
D) is also referred to as "straight bankruptcy."
E) eliminates all of the financial obligations of the borrower.