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To protect the interests of secured creditors who have claims against a debtor who has...

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Accounting

To protect the interests of secured creditors who have claims against a debtor who has filed for bankruptcy, a court may:

a. require payment to the extent that the "automatic stay" may cause the value of debtor's collateral to depreciate.

b. require additional collateral to the extent the automatic stay may cause the value of the original collateral to decline

c. both a and b

d. neither a nor b

Assume that P just received a discharge in bankruptcy even though several creditors hold judgments agains P over debts in default while other creditors had initiated lawsuits against P for debt default prior to the bankruptcy proceeding.

The effect of the bankruptcy discahrge will:

a.

void any judgment against discharged debts

b.

prevent the continuance of the lawsuit on any discharged debts

c.

both a and b

d.

neither a nor b

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