Allison's Bankruptcy on Any Debt Owed by Sean Has What

question 41

Multiple Choice

Allison's bankruptcy on any debt owed by Sean has what effect, if any?

• A) Sean is not released and will be liable for the loan amounts.
• B) Sean is released in the same manner that Allison is released.
• C) Sean is released only if the bank failed to take sufficient steps to sue Allison and require payment of the loan before she filed for bankruptcy.
• D) Sean is released only if the bank failed to notify him of the bankruptcy in sufficient time to allow him to make a proper claim against Allison in bankruptcy court.
• E) Sean is released only if Allison failed to give him sufficient notice of her plans to file bankruptcy.

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