Bankruptcy Quiz
Authored by Rashida Edwards
Life Skills, Other
10th - 12th Grade
Used 156+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
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
2.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Bankruptcy will not remove the following: (Please select all that apply)
Credit Card Debt
Student Loans
Child Support
Alimony
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Pre-bankruptcy credit counseling and pre-discharge debtor education are bankruptcy requirements.
True
False
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
How much you can afford, refers to which of the 5 C's of Credit?
Collateral
Capacity
Conditions
Capital
Character
5.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Which of the 5 C's of Credit refers to, making payments of time?
Character
Credit
Conditions
Capacity
Collateral
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The conversion of assets into cash
Liquidation
Inflation
Debt
Credit
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The most popular bankruptcy option for a small business seeking to restructure and continue operating.
Ch. 7
Ch. 11
Ch. 12
Ch.13
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