Donald files a petition for bankruptcy. If a creditor is not named in his petition, what is

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Donald files a petition for bankruptcy. If a creditor is not named in his petition, what is the result?

The creditor has to file a claim to recover their share of the bankruptcy estate.

Donald's debts owed to the missing creditor are not discharged.

Donald doesn't have to pay the creditor anymore.

Donald's debts owed to the missing creditor are discharged

Related Book For answer-question

Advanced Financial Accounting

ISBN: 978-0078025624

10th edition

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

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Posted Date: Feb 13, 2024 05:56 AM

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Donald files a petition for bankruptcy. If a creditor is not named in his petition, what is

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Advanced Financial Accounting

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