Test Your Might: REG

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Test Your Might: REG - Bankruptcy

Source: Wiley Test Bank

Dark Corp. is a general creditor of Blue. Blue filed a petition in bankruptcy under the liquidation provisions of the Bankruptcy Code. Dark wishes to have the bankruptcy court either deny Blue a general discharge or not have its debt discharged. The discharge will be granted and it will include Dark’s debt even if

a. Dark was a secured creditor which was not fully satisfied from the proceeds obtained upon disposition of the collateral.

b. Blue has unjustifiably failed to preserve the records from which Blue’s financial condition might be ascertained.

c. Dark’s debt is unscheduled.

d. Blue had filed for and received a previous discharge in bankruptcy under the liquidation provisions within 8 years of the filing of the present petition.

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