Which of the following statements is true of claims made by creditors?
A. If the debtor's property is subject to a secured claim of a creditor, that creditor has the first claim to it.
B. A trustee receives only some of the defenses that a bankrupt person enjoys against claims.
C. If a claim is provable, a creditor can participate in the distribution of the assets of the bankruptcy estate.
D. Both secured and unsecured creditors are required to file proofs of claims.
Answer: A
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