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Debt and Bankruptcy
?
What is meant by a debtor's assignment in bankruptcy?
the creditor's choice between legal action and extending the time to pay
the trustee will try to assess the debtor's financial health
the voluntary assignment of all the debtor's property for the creditors' benefit
the debtor can carry on business or cease business
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (C)
the voluntary assignment of all the debtor's property for the creditors' benefit
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