Asked by Cardian Williams on May 05, 2024
Verified
________allows debtors to obtain relief from their debts.
A) Trust law
B) Contract law
C) Bankruptcy law
D) Relief law
Bankruptcy Law
A legal framework governing the process through which individuals or businesses unable to meet their financial obligations can seek relief from debts.
Debtors
Individuals or entities that owe money to another party.
Relief
Assistance or aid given to those in hardship, or a legal remedy provided by a court to enforce a right or redress a harm.
- Understand the legal frameworks governing issues like bankruptcy, environmental law, and elder law.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
C
Explanation :
Bankruptcy law is specifically designed to allow individuals or businesses to obtain relief from their debts, either by restructuring the debt or by liquidating assets to pay off creditors.
Learning Objectives
- Understand the legal frameworks governing issues like bankruptcy, environmental law, and elder law.
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