Bankruptcy Quiz

Bankruptcy Quiz

10th - 12th Grade

15 Qs

quiz-placeholder

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Bankruptcy Quiz

Bankruptcy Quiz

Assessment

Quiz

Life Skills, Other

10th - 12th Grade

Practice Problem

Hard

Created by

Rashida Edwards

Used 156+ times

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15 questions

Show all answers

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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