What Is the Effect,if Any,of Debby's Bankruptcy on Any Debt

question 12

Multiple Choice

What is the effect,if any,of Debby's bankruptcy on any debt owed by George?

• A) George is not released and will be liable for the loan amounts.
• B) George is released in the same manner that Debby is released.
• C) George is released only if the bank failed to take sufficient steps to sue Debby and require payment of the loan before she filed for bankruptcy.
• D) George 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 Debby in bankruptcy court.
• E) George is released only if Debby failed to give him sufficient notice of her plans to file bankruptcy.

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Definitions:

Fourteenth Amendment

The Fourteenth Amendment to the United States Constitution grants citizenship to all persons born or naturalized in the U.S., and guarantees all citizens "equal protection of the laws," significantly impacting civil rights.

Antifederalists

Individuals or groups opposed to the creation of a stronger U.S. federal government and the ratification of the Constitution in 1787, advocating for more power to states.

Bill of Rights

A collective term for the first ten amendments to the United States Constitution, guaranteeing such rights as freedom of speech, assembly, and worship.

Federalists

A political group in early U.S. history that advocated for a strong federal government and supported the ratification of the U.S. Constitution.