Verna files a petition in bankruptcy in a liquidation, Ask an Expert

Management Studies

Verna files a petition in bankruptcy in a liquidation proceeding. If the court administers the means test and concludes that Verna is abusing the bankruptcy process by filing for a liquidation, the court will most likely:

a-force Verna to file for relief through an individual repayment plan.

b-discharge Verna's debts.

c-distribute Verna's property to Verna's creditors.

d-issue an automatic stay against any actions by Verna's creditors.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9100090

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