Bankruptcy

A legal process to get out of debt when you can no longer make all your required payment.

• Liquidation

• Bankruptcy

• Mean's Test

• Credit Counseling

Bankruptcy will not remove the following: (Please select all that apply)

• Credit Card Debt

• Student Loans

• Child Support

• Alimony

The conversion of assets into cash

• Liquidation

• Inflation

• Debt

• Credit

How many years does bankruptcy stay on your credit?

• 2

• 5

• 7

• 10

This type of card is designed for people with bad or no credit.

• Secured card

• Unsecured Card

The entire amount of money a person owes to lenders.

• Assets

• Debt

• Equity

• Capital

Debt can be avoided through which of these:

• Frivolous spending

• Budgeting Finances

• Investing in the Stock Market

• Employer Benefits

The person who owes money to someone else:

• Debtor

• Creditor

• Loser

• Owen

Which of these debts is not dischargeable:

• Car Loan

• Student Loan

• Credit Card

• Home Loan

Liquidation means:

• Soak your debts

• Sell assets to pay off debt

• Pay off credit cards

• Take a shower