Multiple Choice
Which of the following is not a purpose of bankruptcy?
A) offer a fresh start to the debtor
B) punish the debtor
C) create a way for creditors to recover the debt
D) prevent creditors from gaining an unfair advantage over one another
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: The U.S.Constitution does not address bankruptcy laws.
Q10: Under Article 9 of the UCC,which of
Q21: An automatic stay halts all creditors' collection
Q40: Give four examples of non-dischargeable debt in
Q41: What is the means test? Provide an
Q69: In Chapter 11, creditors file a reorganization
Q73: In In re Jones, Jones graduated from
Q75: Filing a statement of notice with a
Q78: Bankruptcy is the only option for businesses
Q79: If the creditor may keep the property