What Is the Purpose of a Creditor Seeking a Court

question 18

Multiple Choice

What is the purpose of a creditor seeking a court order for attachment?

• A) To protect secured creditors
• B) To ensure a debtor doesn't sell or hide property to try to avoid paying debt
• C) To obtain court permission to immediately allow a creditor to seize a debtor's property
• D) To garnish a debtor's wages
• E) Creditors cannot seek a court order for attachment

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Definitions:

Shares Outstanding

The total number of a company's shares that are held by shareholders, including restricted shares owned by the company’s officers and insiders.

Market Price

The market's present quote for the purchase or sale of assets and services.

Acquisition

The process by which one company takes over another, either through purchase of its shares or assets.

Net Present Value

A calculation used to determine the value of an investment by considering the present value of its expected future cash flows and initial cost.