Debts That Remain After a Liquidation Are Not Discharged, and the Debtor

question 49

True/False

Debts that remain after a liquidation are not discharged, and the debtor retains his or her obligation to pay them.

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Definitions:

Incremental Theorist

An individual who believes that abilities and intelligence can grow and change through effort and education.

Entity Theorist

Entity Theorist believes that personal qualities such as intelligence or talent are fixed and unchangeable traits, influencing how individuals approach challenges and learning opportunities.

Contractual Terms

The specific provisions or stipulations that define the agreement or contract, setting out the rights and obligations of each party.

Moral Principles

Fundamental beliefs regarding right and wrong behavior that guide an individual's actions and decisions.