Debts That Remain After a Chapter 7 Liquidation Are Not

question 55

True/False

Debts that remain after a Chapter 7 liquidation are not discharged, and the debtor retains his or her obligation to pay them.

---

Definitions:

Prosperity

A state of being successful, especially in financial terms, marked by flourishing conditions and/or wealth.

Acceptance Theory

Suggests that the effectiveness of leadership or management depends on the consent and support of followers or workers.

Herzberg's Theory

A motivational theory dividing factors at work into two categories: hygiene factors, which can cause dissatisfaction, and motivators, which can create satisfaction.

Institutional Theory

A theory that emphasizes the role of institutions in shaping the behavior and decisions of individuals and organizations by establishing norms, values, and rules.