Molly got in over her head with credit card debt.She has been receiving phone call after phone call from creditors.She has also received notification from several creditors regarding lawsuits being filed against her.Her mailbox is filled with demands for payment each day.Molly regrets her excessive spending.She wants to pay as much as she can,but she is tired of the pressure from creditors.Is any option open to her?
A) Yes,the automatic stay that would be available upon a bankruptcy filing.
B) No,Molly got herself into this mess; and she will have to put up with demands from creditors even if she files for bankruptcy.
C) If Molly is allowed to file for Chapter 7 relied,an automatic stay will prevent the pressure from creditors; but if she proceeds under Chapter 13,the demands will continue.
D) If Molly is allowed to file for Chapter 7 relied,an automatic stay will prevent the pressure from creditors; but if she proceeds under Chapter 13,the demands will continue
Correct Answer:
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