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Gem Jewelers Files a Voluntary Petition for Bankruptcy

Question 58

Multiple Choice

Gem Jewelers files a voluntary petition for bankruptcy. In listing its assets, Gem intentionally does not include certain valuable stones. After Gem is granted a discharge, Hasty Catering, one of Gem's unsecured creditors whose claims were discharged, learns of the fraud. Hasty can


A) do nothing.
B) proceed with its claim against Gem.
C) file an involuntary petition for bankruptcy against Gem.
D) take possession of the stones with or without a breach of the peace.

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