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John started a flower shop and flower business in New York. After 1 year, she was forced to close the business because business was so

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John started a flower shop and flower business in New York. After 1 year, she was forced to close the business because business was so bad. At that time, the business assets totalled $50,000, but the business liabilities totalled $125,000. Which of the following statements is true? A) John is liable for the additional $75,000 B) John's business creditors can collect only the $50,000 of business assets. C) John's business creditors can collect only the $50,000 now, but if John ever goes into business again, they can get the assets of the new business. D) Once John terminates the business, the business creditors cannot even get the $50,000

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