A C$-$Corporation wants to issue new shares to raise capital for expansion. Which of the following is true?

Shares must be issued equally to all existing owners

New shares cannot be issued

New shareholders will receive limited liability protection

New shareholders become personally liable for the company's debts

John is unable to pay his bills. He earns $$75,000$ per year and has approximately $$125,000$ in student loan debt because he decided to go to an expensive private university and

pursue a bachelor's degree in a field with few employment options. He is hoping that filing bankruptcy will erase his student loan debt. Will he be successful in getting rid of the

debt? $(3$ points$)$