Bankruptcy Ch.8 & 9
Authored by Dodson Manuel
English
9th - 12th Grade
CCSS covered
Used 22+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the formal process that allows debtors and creditors to resolve the problem of the debtor’s financial shortcomings through a reorganization plan
Ch. 7 Bankruptcy
Ch. 11 Bankruptcy
Ch. 13 Bankruptcy
Lien
Tags
CCSS.RI.9-10.2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______________ an individual status that through liquidation eliminates most types of debt and stays on a person’s credit report for ten years.
Ch. 7 Bankruptcy
Ch. 11 Bankruptcy
Ch. 13 Bankruptcy
Lien
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________________ permits debtors with regular incomes to pay all or a portion of their
debts under the protection and supervision of the court.
Ch. 7 Bankruptcy
Ch. 11 Bankruptcy
Chapter 13 Bankruptcy
Lien
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________________ a right to keep possession of property belonging to another person until a debt owed by that person is discharged.
Ch. 7 Bankruptcy
Ch. 11 Bankruptcy
Ch. 13 Bankruptcy
Lien
Tags
CCSS.L.9-10.4
CCSS.RI.9-10.4
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
taking collateral when a borrower fails to repay a loan.
20/10 Rule
Repossession
Debt
Garnishment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a legal procedure requiring a portion of the debtor’s pay to be set aside by the
person’s employer to pay creditors.
20/10 Rule
Repossession
Garnishment
Financial Personality
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______________ states that an individual should never borrow more than 20 percent of his or her annual take-home pay.
Garnishment
20/10 Rule
Financial Personality
Debt
Tags
CCSS.6.RP.A.3B
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