Asked by Jessie Barna on Jun 03, 2024
Verified
Goals of bankruptcy law include which of the following?
A) To provide relief and protection to debtors
B) To provide a fair means of distributing a debtor's assets among creditors
C) To pay all creditors in full
D) To provide relief and protection to debtors and to provide a fair means of distributing a debtor's assets among creditors
Debtor's Assets
All the property and financial resources owned by an individual or organization that owes money to creditors.
- Comprehend the fundamental concepts and objectives underpinning bankruptcy legislation.
Verified Answer
JN
jindar numanJun 05, 2024
Final Answer :
D
Explanation :
The goals of bankruptcy law include providing relief and protection to debtors, allowing them a fresh start, and ensuring a fair and equitable distribution of the debtor's assets among creditors. Option D accurately combines these primary objectives, making it the correct choice.
Learning Objectives
- Comprehend the fundamental concepts and objectives underpinning bankruptcy legislation.