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Frances Ford has total assets of $20,000 and total liabilities of $70,000. Pursuant to a Title 11 bankruptcy action, all $70,000 of France's debt is

Frances Ford has total assets of $20,000 and total liabilities of $70,000. Pursuant to a Title 11 bankruptcy action, all $70,000 of France's debt is discharged. As a result of the debt discharge, Frances will have a gross income of what amount?

A. $70,000

B. 50,000

C. 0

D. 20,000

E. None of the above.

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