Elmo files a petition in bankruptcy. If the court concludes that there are grounds for a finding of “substantial abuse,” the court will most likely
A. dismiss Elmo’s petition.
B. discharge Elmo’s debts.
C. distribute Elmo’s property to Elmo’s creditors.
D. issue an automatic stay against any actions by Elmo’s creditors.
Answer:A
Elmo files a petition in bankruptcy. If the court concludes that there are grounds for a finding of “substantial abuse,” the court will most likely
A. dismiss Elmo’s petition. B. discharge Elmo’s debts. C. distribute Elmo’s property to Elmo’s creditors. D. issue an automatic stay against any actions by Elmo’s creditors.