One of the officers of a corporation that had just received a discharge in bankruptcy said, Good,

Question:

One of the officers of a that had just received a discharge in bankruptcy said, Good, now we don’t owe anyone. Is he correct?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...