Which of the Following Is Not a Purpose of Bankruptcy

question 25

Multiple Choice

Which of the following is not a purpose of bankruptcy?

• A)Give debtors relief from the creditors.
• B)Protect debtors from unfair collection efforts by other creditors.
• C)Give debtors relief from foreclosure activities.
• D)Gives the debtor the ability to safeguard their most important assets.
• E)All of the above are purposes of bankruptcy

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Definitions:

Restrictive Covenant

A clause in a contract or deed that restricts the actions that the parties to the contract can perform.

Adjoining Landowner

A person or entity that owns land sharing a boundary with a specific piece of property.

Fee Simple

A legal term referring to the most comprehensive ownership in real estate, which gives the holder full possessory rights and obligations indefinitely.

Crown Patent

A legal document issued by a sovereign government granting rights or land to an individual or entity, historically used to transfer public lands into private ownership.