A discharge is
A) a formal pronouncement by a court that a creditor is released from the stay operating in bankruptcy and may sue the bankrupt independently.
B) an informal pronouncement by the business community that a debtor is no longer able to carry on business.
C) a formal pronouncement by a court that a debtor is released from bankruptcy.
D) a formal pronouncement by a court permitting the payment of the bankrupt's liquidated assets to creditors.
E) a formal pronouncement by a court that a debtor is no longer able to carry on business.
Correct Answer:
Verified
Q1: A debtor may avoid bankruptcy altogether as
Q2: Noah is a bodybuilder who enters the
Q3: Natasha runs a lingerie business that caters
Q5: Individual consumers who become bankrupt are entitled
Q6: Chopin Inc, a music publishing company, is
Q7: Bankruptcy is a federally regulated procedure in
Q8: Edgar sells tax advice to businesses from
Q9: Sanjana decides to make an assignment in
Q10: The concept of a stay is most
Q11: Ludmilla and Sudash carry on a catering
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents