Question
Beryl Barkam is starting a new business, Barkam Enterprises, which will be a sole proprietorship selling retail novelties. Barkam recently received a discharge in a
Beryl Barkam is starting a new business, Barkam Enterprises, which will be a sole proprietorship selling retail novelties. Barkam recently received a discharge in a Chapter 7 bankruptcy case, but certain proved claims were unpaid for lack of funds. Which of the following would be a claim against Barkam?
Question 17 options:
| C) A personal loan by her father made in an attempt to stave off bankruptcy. |
| D) The unpaid amount of taxes due to the United States that became due and owing within 3 years preceding bankruptcy. |
| A) The unpaid amounts owed to secured creditors who received less than the full amount after resorting to their security interests. |
| B) The unpaid amounts owed to trade suppliers for goods purchased and sold by Barkam in the ordinary course of her prior business. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started