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:

Long-term Care

A variety of services designed to meet a person's health or personal care needs over an extended period of time.

Mildly Impaired

Referring to a minor reduction in cognitive, physical, or emotional functioning that may affect daily life to some extent but does not incapacitate the individual.

Fastest-growing Segment

Refers to the part of a population or market that is expanding more rapidly than other segments.

Aging

The process of becoming older, a natural part of life characterized by gradual changes in physical, cognitive, and social functioning.