Question

Which of the following statements is/are TRUE about creditors when a debtor files for bankruptcy?

Group of answer choices

The court issues an automatic injunction halting actions by the creditors to collect debts.

An unsecured creditor must file a proof of claim in order to be paid from the bankruptcy estate.

Secured creditors will always be paid the full amount of their claims.

A and B only

A, B, and C

Answer 1

Here A B and C all there are true because:

the court issues an automatic halting actions by the creditors to collect debts, because they will be having all proof of credit they took.

an unsecured creditors must file a proof of claim in order to be paid from the bnkruptcy estate, because the unsecured creditor will have some proof of credit they can file cas against the bank regarding their money.

in case scured creditors must claim all amount from bank.

so 3 options are true.