What are the objectives of the bankruptcy laws in the United States?

A. Provide relief for the court system and ensure that all debtors are treated the same.
B. Distribute assets fairly and discharge honest debtors from their obligations.
C. Protect the economy and stimulate growth.
D. Prevent insolvency and protect shareholders.

Ans: B. Distribute assets fairly and discharge honest debtors from their obligations.

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Managers only are accountable to their owners

a. true b. false

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