What is the last of the basic steps of a bankruptcy proceeding?
A) The petition for the prompt repayment of secured creditor claims
B) The granting of an automatic stay
C) A determination on whether an order of relief should be granted
D) The creditors meet with the debtor
E) Discharging debts

Question

Quizplus · Accepted Answer

The last of the basic steps in a bankruptcy proceeding is discharging debts, which essentially releases the debtor from liability for certain specified types of debts, marking the conclusion of the bankruptcy process.

What Is the Last of the Basic Steps of a Bankruptcy