Dave Owes $100,000 to Cindy and $100,000 to Connie

question 8

Essay

Dave owes $100,000 to Cindy and $100,000 to Connie.Both before and after Dave went into bankruptcy under Chapter 7,he engaged in faking records,withholding information,and concealing assets in order to avoid Cindy's debt.However,Dave did not behave this way in regard to Connie's debt.Because Dave had few assets and Connie's debt was unsecured,she got virtually nothing out of Dave's bankruptcy.The same is true regarding Cindy.Sometime later,therefore,Cindy and Connie sued Dave on the debt,once Dave becomes rich.Dave defends by saying that both debts are discharged.Is Dave right? Assume that each debt is a normal contract obligation.

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Definitions:

Support Life

Activities or systems that provide essential assistance or enable living organisms to maintain health, well-being, and functionality.

All-or-Nothing Thinker

A cognitive distortion where individuals see situations as either completely perfect or a complete failure, with no middle ground.

Pros and Cons

The advantages and disadvantages of a particular decision, action, or situation.

Synthesize Information

The process of combining pieces of information from different sources to form a cohesive, comprehensive understanding or new insight.