Author Question: Grand Lighting Co has filed a petition for voluntary bankruptcy under Chapter 7 of the Code. Which ... (Read 127 times)

tingc95 · **on:** Jun 24, 2018

Grand Lighting Co has filed a petition for voluntary bankruptcy under Chapter 7 of the Code. Which of the following will prohibit creditors from collecting debts that Grand Lighting incurred before the petition was filed?
A)An automatic stay
B)A proof of claim
C)A voluntary petition
D)A discharge statement

Question 2

Ocean carriers are liable if cargo is damaged because it was left exposed to rain during the journey.
Indicate whether the statement is true or false