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In 1978, Chapters 11 and 13 of the Bankruptcy Code were created which: a. Made it...

In 1978, Chapters 11 and 13 of the Bankruptcy Code were created which: a. Made it easier for creditors to obtain bankruptcy relief b. Allowed creditors to keep all of debtors assets c. Allowed businesses and individuals to reorganize and keep going d. Made it more difficult to declare bankruptcy.

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Answer #1

Chapter 11 and 13 of the Bankruptcy code allowed the businesses and individuals to reorganise their assets. The court allows them to keep all or some of their assets to use them to pay the debts they owe to creditors.

Option C is correct.

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