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Which of the Following Statements Is True of Claims Made

Question 31

Multiple Choice

Which of the following statements is true of claims made by creditors?


A) A trustee receives only some of the defenses that a bankrupt person enjoys against claims.
B) If the debtor's property is subject to a secured claim of a creditor, that creditor has the first claim to it.
C) If a claim is provable, a creditor can participate in the distribution of the assets of the bankruptcy estate.
D) Both secured and unsecured creditors are required to file proofs of claims.

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