38. Bill filed a petition for bankruptcy under Chapter F' of the Bankruptcy Act. Bill listed, among others, the following debts: a debt to the National Bank for $10,000 secured by his 1980 truck, which is valued at $3,500; an unsecured debt to his friend, Frances; a $500 debt to the IRS for 1909 federal income taxes; and a $500 student loan to the university which was due one year ago. Under these circumstances: A. The $500 debt to the IRS is a nondischargeable debt. B. Frances can claim the debt even without ling a proof of claim. (3. the $500 student loan to the university is a dischargeable debt. D. The bank can receive preferential payment because the debt owed to it is highest