After a person or entity files bankruptcy any new debt incurred is called what?

[Diebby]

Business English Lesson, Advanced Level

ESL/EFL Test #307 "Business buzzwords: Taking delivery", question 10

The SEC alleged that George Motz, the President of MFA, engaged in fraudulent trade allocation or '.........': Motz allegedly unfairly allocated trades that had appreciated in value to MFA's proprietary trading account and allocated purchases that had depreciated in value to the accounts of his advisory clients.

(a) apple-picking
(b) cherry-picking
(c) peach-picking
(d) plum-picking

Business English Lesson, Advanced Level

ESL/EFL Test #307 "Business buzzwords: Taking delivery", answer 10

The SEC alleged that George Motz, the President of MFA, engaged in fraudulent trade allocation or 'cherry-picking': Motz allegedly unfairly allocated trades that had appreciated in value to MFA's proprietary trading account and allocated purchases that had depreciated in value to the accounts of his advisory clients.

Correct answer: (b) cherry-picking
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after a person or entity files bankruptcy any new debt incurred is called what?

Diebby

[Kitosdad]

I think it may be called, " Unsecured debt."
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