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What Is the Effect,if Any,of Debby's Bankruptcy on the Debt

Question 8

Multiple Choice

What is the effect,if any,of Debby's bankruptcy on the debt owed by her father?


A) Debby's father is liable for the debt as he was when he initially signed the loan agreement.
B) Debby's father is released in the same manner that Debby is released.
C) Debby's father is released only if the bank failed to take sufficient steps to sue Debby and require payment of the loan before she filed for bankruptcy.
D) Debby'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 Debby in bankruptcy court.
E) Debby's father is released only if Debby failed to give him sufficient notice of her plans to file bankruptcy.

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