If a Creditor Is Owed a Debt That Is Provable

question 13

Multiple Choice

If a creditor is owed a debt that is provable and nondischargeable,he/she may:

• A)participate in the distribution of the debtor's estate.
• B)not pursue the debtor for payment even after the completion of the bankruptcy proceedings.
• C)not enter into any voluntary agreement with the debtor for discharge of the debt.
• D)need court approval for reaffirmation of loans.

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Definitions:

Fine

A monetary penalty imposed as punishment for an offense or breach of law.

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Civil Penalties

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