Which of the Following Debts Are Not Extinguished by a Chapter

question 95

Multiple Choice

Which of the following debts are not extinguished by a Chapter 7 bankruptcy?

• A) alimony and child support payments
• B) back taxes
• C) debts incurred by fraud against creditors
• D) fined owed to the government
• E) all of the other choices

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Definitions:

Thunder Bay

A city in Ontario, Canada, known for its natural beauty and as a gateway to outdoor activities in the surrounding region.

Holding Cost Rate

The percentage of the value of inventory that is held as a cost for storing, insuring, and managing goods over a certain period.

Chilliwack

A city in the province of British Columbia, Canada, known for its natural beauty and outdoor activities.

Holding Cost Rate

The percentage of the inventory value held that represents the cost to store, manage, and insure inventory over a certain period.