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Zander's bank agreed to a loan modification on his principal residence that resulted in a cancellation of debt of debt of $20,00, and enabled him

Zander's bank agreed to a loan modification on his principal residence that resulted in a cancellation of debt of debt of $20,00, and enabled him to keep his home. Which of the following is he mostly likely to qualify for?

a. insolvency

b. bankruptcy

c. qualified real property indebtedness

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