Which of the following is correct regarding the type of law that is relevant to bankruptcy claims?

Group of answer choices

While bankruptcy law is state law, federal law applies to bankruptcy cases in the sense that federal laws regarding debtor's property and creditor claims may apply.

While bankruptcy law is federal law, state law applies to bankruptcy cases in the sense that state laws regarding debtor's property and creditor claims may apply.

Only state statutory law is relevant.

Only federal common law is relevant to bankruptcy claims.

Only federal statutory law is relevant.