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Question
Stan commits securities fraud and takes $5,000,000 from a variety of investors. Stan is convicted of a crime and then sued by the investors. Stan files for bankruptcy. What relief will the bankruptcy filing grant Stan?
A. Automatic stay on all cash advances paid to a creditor under an open-ended credit plan.
B. Automatic stay and discharge of any debt created with the securities fraud.
C. Automatic stay but no discharge of any debt created by the securities fraud.
D. Automatic stay and discharge of all debts incurred.
Answer
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Related questions
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