Question 1 Not yet answered Marked out of 1.00 p Flag question In a Chapter 7 liquidation, when a firm's debts are discharged, it means that: Select one: A. The debts are cancelled, with the creditors having no further claim. O B. The debts have priority and are paid ahead of other debts. O C. The debts are subject to partial payment, depending on liquidation assets. O D. The debts are in the process of being evaluated by the courts