Bankruptcy is superior to a common law debtor/creditor action because it
A) avoids a race to the courts, encourages multiple proceedings against the debtor, and gives the debtor a fresh start.
B) permits a race to the courts, prohibits multiple proceedings against the debtor, and can give the debtor a fresh start.
C) avoids a race to the courts, prohibits multiple proceedings against the debtor, and prohibits giving the debtor a fresh start.
D) avoids a race to the courts, prohibits multiple proceedings against the debtor, and gives the debtor a fresh start.
E) permits a race to the courts, prohibits multiple proceedings against the debtor, and gives creditors a fresh start.
Correct Answer:
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