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A Major Purpose of the Bankruptcy Code Is To

Question 8

Multiple Choice

A major purpose of the Bankruptcy Code is to:


A) ensure that the debtor can pick and choose between creditors.
B) protect honest debtors against the demands for payment by creditors.
C) ensure that a debtor can never be discharged of the debts he owes to the creditors.
D) protect creditors from debtors who try to extend the given time to pay their debt.

Correct Answer:

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