Refer to Fact Pattern 12-1. Assume that Gena has, besides business debts, student loans. If she is declared bankrupt by a court, what will happen to these loans? They will:
A) be extinguished
B) be extinguished only if Gena is also paying child support
C) be extinguished only if the IRS agrees
D) not be extinguished
E) be extinguished based on Gena's good faith
Correct Answer:
Verified
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