Question 27 2 pts Chapter 7 of the Bankruptcy Act is designed to do all of the following EXCEPT: O Allows insolvent debtors to discharge all of their obligations and to start over unhampered by a burden of prior debt. O Details the procedures to be followed when a firm is liquidated. O Provides for an equitable distribution of the assets among the creditors. O Provides safeguards against the withdrawal of assets by the owners of the bankrupt firm. O Establishes the rules of reorganization for firms with projected cash flows that eventually will be sufficient to meet debt payments