Under Chapter 7, the primary effect of a discharge is to
A) extend the time for the debtor's payment of overdue debts.
B) allow a creditor to collect a previous judgment on a discharged debt.
C) force a creditor to obtain a new judgment on a discharged debt.
D) void a judgment on a discharged debt and prohibit an action to collect it.
Correct Answer:
Verified
Q40: In a Chapter 11 proceeding, the role
Q41: A voluntary petition in bankruptcy must include
A)proof
Q42: Under Chapter 7, to be entitled to
Q43: Under Chapter 7, once the proceeds have
Q44: Under Chapter 7, once the proceeds of
Q46: Under Chapter 7, a debtor who fails
Q47: A bankruptcy trustee is accountable for
A)administering the
Q48: An involuntary bankruptcy occurs when a debtor
A)files
Q49: To force a debtor with twelve or
Q50: In addition to financial statements, each voluntary
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