Multiple Choice
Toni is in great debt and therefore files for a Chapter 7 bankruptcy and seeks to liquidate assets and discharge her debt. Which of the following is the first step in this process?
A) Appoint a bankruptcy trustee.
B) Toni must pay off her assets.
C) Toni must file a notice with her creditors.
D) The court must itemize the assets.
Correct Answer:
Verified
Correct Answer:
Verified
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