Reconstruction Building Services Receives a Discharge in Bankruptcy,even Though Some

question 14

Multiple Choice

Reconstruction Building Services receives a discharge in bankruptcy,even though some creditors hold judgments on overdue debts against it and others filed ac?tions to collect on overdue debts before the bankruptcy.Reconstruction's dis?charge will

• A)absolve the liability of any co-debtors.
• B)permit the debtor to enter into reaffirmation agreements.
• C)allow the debtor to file a petition for a reorganization.
• D)prohibit actions and void judgments regarding overdue debts.

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Definitions:

Social Readjustment Rating Scale

A scale designed to measure the amount of stress in a person's life resulting from major life changes or adjustments.

Life Change Unit

A measure in stress research quantifying the amount of life change a person experiences, often used in assessing stress levels and potential impact on health.

Minor Violation

A Minor Violation is an infringement or transgression of rules or laws considered to be of less severity or harm.

Social Readjustment Rating Scale (SRRS)

A psychological instrument that measures the stress of individuals through the quantification of major life events.