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Tony Was in Debt $20,000 When His Wealthy Friend Marco

Question 76

Multiple Choice

Tony was in debt $20,000 when his wealthy friend Marco told him to come with him on a "once in a lifetime" vacation for a few months. Tony said "You only live once, let's do it." So Tony quit his job and Marco and Tony travelled the world, staying in luxury hotels, eating in expensive restaurants and running up large gambling debts. Three months later Tony arrived home with an additional $150,000 in debt. If Tony files for personal bankruptcy most likely a court would


A) discharge him from his full $170,000 debt
B) discharge him from his earlier $20,000 debt only
C) discharge him from his recent $150,000 debt only
D) refuse to discharge him from any of his debt
E) require Marco to pay for half of Tony's debt

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