Multiple Choice
Kent loaned Barbara $8,000 and took back a note secured by Barbara's car.If Barbara files for bankruptcy when the value of the car is $4,500, what is Kent's status? He has:
A) a secured claim for $4,500.
B) an unsecured claim for $8,000.
C) an unsecured claim for $4,500.
D) a secured claim for $8,000.
Correct Answer:
Verified
Correct Answer:
Verified
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