Examlex
Which of the following statements is true?
Bankruptcy Abuse Prevention
Bankruptcy abuse prevention refers to legal measures designed to prevent individuals or businesses from exploiting the bankruptcy system to evade legitimate debts.
Consumer Protection Act
Legislation designed to safeguard the rights of consumers by ensuring fair trade, accurate information, and the right to privacy.
Credit Counseling
A service that provides assistance to individuals in managing their debts, budgeting, and making financial decisions.
Debt Adjustment
involves the reorganization of a debtor's outstanding obligations through negotiation or a formal plan to repay debts over time or reduce the total amount owed.
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