The Bankruptcy Act of 2005 increases the responsibility of a debtor's attorneys thereby raising concerns that bankruptcy practice may become less attractive because:
A) the attorney has to operate on relatively thin margins as provisions increase along with costs and risks.
B) the attorney owes a duty to client for getting the debtor's property appraised.
C) the attorney has to call a meeting of all the creditors of the debtor.
D) the attorney has to classify the priority of creditors as per the 10 classes of priority given in the Bankruptcy Code.
Correct Answer:
Verified
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