Roulah is owed $50 000 by Freddie.It has been several months since the debt came due and Roulah is considering whether she should begin bankruptcy proceedings against Freddie to try to recover the loan.She can assign Freddie into bankruptcy.

Question

Quizplus · Accepted Answer

Only Freddie himself or his creditors through a court process can initiate bankruptcy proceedings. Roulah, as a creditor, can petition the court for bankruptcy proceedings against Freddie but cannot unilaterally assign him into bankruptcy.

Roulah Is Owed $50 000 by Freddie