Carlton files a petition in bankruptcy. One of the goals of bankruptcy law with respect to a debtor is to
A. encourage the continued use of credit to borrow funds.
B. ensure that third parties will continue to guarantee loans.
C. provide a fresh start, free from creditors’ claims.
D. shield assets from creditors’ claims.
Answer:C
Carlton files a petition in bankruptcy. One of the goals of bankruptcy law with respect to a debtor is to
A. encourage the continued use of credit to borrow funds. B. ensure that third parties will continue to guarantee loans. C. provide a fresh start, free from creditors’ claims. D. shield assets from creditors’ claims.