Ollie files a petition in bankruptcy. At the moment of filing
A. an automatic stay goes into effect.
B. Ollie’s debts are discharged.
C. Ollie’s petition is dismissed.
D. Ollie’s property is distributed to Ollie’s creditors.
Answer:A
Ollie files a petition in bankruptcy. At the moment of filing
A. an automatic stay goes into effect. B. Ollie’s debts are discharged. C. Ollie’s petition is dismissed. D. Ollie’s property is distributed to Ollie’s creditors.