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Under the 2005 Bankruptcy Act, If Non-Exempt Personal Property of an Individual

Question 31

Multiple Choice

Under the 2005 bankruptcy act, if non-exempt personal property of an individual debtor secures a claim or is subject to an unexpired lease, the debtor ________.


A) must surrender the property
B) can appeal for exemption of the property
C) must terminate the lease with immediate effect
D) cannot redeem the property

Correct Answer:

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