Bankruptcy
Authored by Alexa Belrose
Social Studies
12th Grade
Used 5+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 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
45 sec • 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
45 sec • 1 pt
The conversion of assets into cash
Liquidation
Inflation
Debt
Credit
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How many years does bankruptcy stay on your credit?
2
5
7
10
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of card is designed for people with bad or no credit.
Secured card
Unsecured Card
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The entire amount of money a person owes to lenders.
Assets
Debt
Equity
Capital
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Debt can be avoided through which of these:
Frivolous spending
Budgeting Finances
Investing in the Stock Market
Employer Benefits
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