Under Chapter 7, Once the Proceeds Have Been Distributed, the Obligations

question 3

Multiple Choice

Under Chapter 7, once the proceeds have been distributed, the obligations of the debtor most likely to be discharged are

• A)taxes accruing within the last three years.
• B)claims based on the debtor's willful or malicious conduct or fraud.
• C)none of the choices.
• D)domestic-support obligations.

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Definitions:

Electronic Communications

The transmission of information using electronic means such as email, instant messaging, and social media platforms.

Valid and Enforceable

Describes a contract or agreement that meets all legal requirements and can be upheld and compelled in a court of law.

E-Commerce

The buying and selling of goods and services through the internet.

Wholesale Rates

Prices offered for large quantities of goods, typically lower than retail prices, to distributors or retailers rather than to end consumers.