If You Declare a Chapter 7 Bankruptcy,you Do Not Have

question 137

True/False

If you declare a Chapter 7 bankruptcy,you do not have to pay alimony,child support,or educational loans.

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Definitions:

Rectification

The process of correcting or making right an error, especially in legal documents.

Voidable

A term describing a contract or transaction that remains valid until one party takes action to void it, often due to elements like fraud or misrepresentation.

Worthless Cheque

A cheque that cannot be processed because the account it is drawn on does not have sufficient funds.

Innocent Purchaser

An individual who buys property without knowledge of any existing claims, liens, or encumbrances against it.