If a creditor owns a debt that is provable and nondischargeable, he or she ________.
A. may participate in the distribution of the debtor's estate
B. must not enter into any voluntary agreement with the debtor for discharge of the debt
C. needs court approval for reaffirmation of loans
D. can recover only the money provided by the bankrupt's discharge
Answer: A
You might also like to view...
Doritos brand's "Crash the Super Bowl" contest resulted in a healthy uptick in Twitter, Facebook, and other social media activity
Indicate whether the statement is true or false
You should generally deliver most constructive criticism in writing rather than in person
Indicate whether the statement is true or false
Determine the sequence of job processing using the critical ratio method for the jobs listed in the following table. Assume today’s date is 20.
a. E-C-A-B-D
b. E-C-A-D-B
c. E-A-B-C-D
d. B-A-C-D-E
Bill Businessman wants to buy a new car. He goes to the bank to get a loan for the purchase, and signs an agreement to pay $10.00 per month in premiums on a term life insurance policy which names the bank as the recipient of the policy proceeds in the event of his death before the loan is repaid. The bank is a(n):
a. assignor. b. incidental beneficiary. c. creditor beneficiary. d. donee beneficiary.