Alexandra finished her college studies as a florist two years ago and has been operating her own florist shop in Victoria. Being a florist is a third career for Alexandra and she has several thousand dollars in student loans accrued from all of her years of study. Things in her new business are not going well, but Alexandra believes that if she can declare bankruptcy she'll be able to start afresh in her business with no debt. In assigning herself into bankruptcy,
A) Alexandra could discharge all of her debts, regardless of their source.
B) Alexandra could most likely discharge her business debts, but probably not her school loans.
C) the discharging of categories of debt in Alexandra's case will be determined by the trustee in bankruptcy in consultation with Alexandra's creditors.
D) Alexandra could not discharge any of her debts.
E) Alexandra could most likely not discharge her business debts, but she could walk away from her school loans.
Correct Answer:
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