Chapter 7 of the Bankruptcy Code

question 87

Multiple Choice

Chapter 7 of the bankruptcy code:

• A)restores all the losses incurred by the borrower.
• B)results in the loss of all of one's assets.
• C)requires the debtor to pay back the debt in the future.
• D)sells only the home of the borrower.
• E)eliminates most of the financial obligations of the borrower.

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Definitions:

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