Which of the Following Is a Valid Objection to a Discharge

question 47

Multiple Choice

Which of the following is a valid objection to a discharge in bankruptcy?

• A) The debtor has more than 12 creditors and only 7 have filed for involuntary bankruptcy.
• B) The debtor wants an opportunity to reorganize his or her business.
• C) The debtor was unaware of embezzlement by his or her financial advisors.
• D) The debtor is not able to satisfactorily explain the loss in assets.

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Definitions:

Ownership Culture

A work environment where employees are encouraged to think and act like owners, typically involving practices that share profits, stock options, or decision-making power.

Organizational Objectives

The specific goals that an organization aims to achieve, which guide its operations and strategic planning.

Gainsharing Plans

Incentive programs that share financial gains with employees based on productivity improvements or cost savings.

Effort-to-performance Expectancy

The belief that one's effort will lead to successful performance in tasks or achieving goals, often influencing motivation and productivity.