With reference to the United States Bankruptcy Code, which of the following is an advantage of bankruptcy to debtors?

Question

Quizplus · Accepted Answer

Debtors retain possession of a bankruptcy estate. This means that debtors do not have to surrender all assets to the creditors, as they are allowed to keep certain exempt properties. This is an advantage as debtors can still maintain some level of control over their assets, which can help them maintain their livelihoods or businesses.

With Reference to the United States Bankruptcy Code, Which of the Following