Question: ANSWER Dashboard X + X - C O B https://jainexams.jgianveshana.com/mcq_exam_new.aspx?Subject=21VMC35305-BUSINESS LAW - II e E JGi JAIN 221VMCRO0177 BALWINDER SINGH DANG SEMED TO BE UNIVERSITY

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Dashboard X + X - C O B https://jainexams.jgianveshana.com/mcq_exam_new.aspx?Subject=21VMC35305-BUSINESS LAW - II e E JGi JAIN 221VMCRO0177 BALWINDER SINGH DANG SEMED TO BE UNIVERSITY Subject : 21VMC35305-BUSINESS LAW - II Exam Start Time : 15/12/2024 10:29 AM Duration : 200 Minutes Show Palette 18. John files for bankruptcy on January Ist, and he inherits property from a relative who passed away on February 10th. Under Chapter 7, how does the trustee handle this inherited COMPLETE property? O A. The property is excluded from the bankruptcy estate as it is inherited post-petition. O B. The trustee includes the inherited property in the bankruptcy estate since it was acquired within 180 days of filing. O C. The property is exempt because it is considered necessary for John's sustenance. O D. The inherited property is exempt up to a certain dollar amount, based on state exemptions. 2024 @ JGIAnveshana. Design & Develop by JGIAnveshana Type here to search Fi 11:21 A g ENG 15-12-2024

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