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Question- What happens when a bankrupt dies when the bankruptcy proceedings are underway? (A).Bankruptcy process ends (B).Bankruptcy process continues as if the bankrupt were alive
Question- What happens when a bankrupt dies when the bankruptcy proceedings are underway?
(A).Bankruptcy process ends
(B).Bankruptcy process continues as if the bankrupt were alive
(C).Bankruptcy process ends and debts are transferred to legal heirs
(D).Bankrupt is substituted by another bankrupt
Please tell the correct option with appropriate explanation.
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