Though it is Seen As a Last Resort, Bankruptcy Allows a Consumer to
Answer :
A. Temporary stop paying debts
B. Eliminate certain types of debt
C. Easily reestablish good credit
D. Receive credit in an emergency
Correct Answer: B - Eliminate certain types of debt
When a consumer files for bankruptcy, he/she is allowed to eliminate certain types of debts. The bank will begin a review to verify that you lack the financial means to pay your debts if your file is accurate.
Related Question:
Which of the following is no a common feature of a financial institution
What was the Core Business that made Standard Oil a Horizontally Integrated Monopoly?
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