Which of the Following Debts Are Dischargeable in a Chapter

question 37

Multiple Choice

Which of the following debts are dischargeable in a Chapter 7 bankruptcy proceeding?

• A) A $10,000 judgment that has not yet been executed.
• B) Medical expenses of $25,000.
• C) Credit card debts of $15,000 from two years ago.
• D) All of these are dischargeable.

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Definitions:

Percentage Change

A mathematical calculation that indicates the degree of change over time, expressed as a percentage representing increase or decrease.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price.

Price

The financial sum foreseen, obligatory, or handed over as compensation for something.

Percentage Of Budget

A financial metric that represents the proportion of a specific item or category's cost in comparison to the total budget.