Creditors, collection agencies, government entities, and others are prevented from pursuing debtors for money that they...

Transcribed Image Text:

Creditors, collection agencies, government entities, and others are prevented from pursuing debtors for money that they owe, and can be penalized by the court if they do, because of this important relief provided to debtors in bankruptcy: A. voluntary petition OB. involuntary petition OC. automatic stay D. liquidation If a creditor intentionally and repeatedly violates a bankruptcy court's automatic stay, A. the creditor can expose itself to a claim for damages or even punitive damages. OB. the creditor can be ordered to pay fines. OC. the creditor's actions will be declared invalid. D. all of the above are true. Creditors, collection agencies, government entities, and others are prevented from pursuing debtors for money that they owe, and can be penalized by the court if they do, because of this important relief provided to debtors in bankruptcy: A. voluntary petition OB. involuntary petition OC. automatic stay D. liquidation If a creditor intentionally and repeatedly violates a bankruptcy court's automatic stay, A. the creditor can expose itself to a claim for damages or even punitive damages. OB. the creditor can be ordered to pay fines. OC. the creditor's actions will be declared invalid. D. all of the above are true.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Answer C automatic stay Explanation The ... View the full answer