____ means that the nonexempt assets are liquidated and the proceeds distributed among the creditors, who may not ask for more.

Question

Quizplus · Accepted Answer

Bankruptcy discharge means the nonexempt assets are liquidated and the proceeds are distributed among the creditors, who may not ask for more. This is the final step in the bankruptcy process where the debtor is released from their remaining debts.

____ Means That the Nonexempt Assets Are Liquidated and the Proceeds