70.2K
Verified Solution
Link Copied!
In a chapter 7 liquidation, when a firm's debts are discharged, it means that:
a- the debts are canceled, with the creditors having no further claim
b- the debts have priority and are paid ahead of other debts
c-the debts are subject to partial payment, depending on liquidation assets
d-the debts are in the process of being evaluated by the courts
Answer & Explanation
Solved by verified expert