Benson goes into bankruptcy his estate has no assets are


(a). Benson goes into bankruptcy. His estate has no assets. Are Benson's taxes discharged by the proceedings? Why or why not?

(b). Benson obtains property from Anderson on credit by representing that he is solvent when in fact he knows he is insolvent. Is Benson's debt to Anderson discharged by Benson's discharge in bankruptcy?

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Corporate Finance: Benson goes into bankruptcy his estate has no assets are
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