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Mikhail Files a Petition in Bankruptcy

Question 40

Multiple Choice

Mikhail files a petition in bankruptcy.One of the goals of bankruptcy law with respect to a debtor who has "gotten in over his head" is to


A) encourage the continued use of credit to borrow funds.
B) ensure that co-debtors will continue to guarantee loans.
C) provide relief and protection.
D) shield assets from creditors.

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