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

Question 12

Multiple Choice

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


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

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