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Lionel Files a Voluntary Petition for Bankruptcy Under Chapter 7

Question 66

Multiple Choice

Lionel files a voluntary petition for bankruptcy under Chapter 7.The court will likely deny a discharge of Lionel's debts if he


A) conceals records of his financial condition with the intent to defraud a creditor.
B) does not have sufficient assets to pay all his secured creditors.
C) filed for bankruptcy twelve years ago.
D) has a criminal record.

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