The filing of a bankruptcy petition operates as a(n) :
A) exemption of certain items of property.
B) discharge, relieving the bankrupt person of further responsibility for dischargeable debts, giving him a fresh start.
C) automatic stay, holding in abeyance various forms of creditor action against a debtor or her property.
D) redemption of exempt personal property from secured creditors by paying them the full value of the collateral at the time the property is redeemed.
Correct Answer:
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