Solved

Bankruptcy Law Is Intended to

Question 37

Multiple Choice

Bankruptcy law is intended to


A) keep lenders from extending credit to people who are not habitual customers.
B) relieve debtors of the consequences of poor choices.
C) ensure that ordinary creditor-debtor laws are used to deal with insolvent debtors.
D) create a guarantee that secured creditors receive payment from the government to the extent that debtors cannot pay.
E) serve a variety of goals, including the promotion of confidence and certainty in the credit system.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents