Refer to Fact Pattern 12-1

question 329

Multiple Choice

Refer to Fact Pattern 12-1. Assume that Gena has, besides business debts, student loans. If she is declared bankrupt by a court, what will happen to these loans? They will:

• A) be extinguished
• B) be extinguished only if Gena is also paying child support
• C) be extinguished only if the IRS agrees
• D) not be extinguished
• E) be extinguished based on Gena's good faith

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Definitions:

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An educational or training session focused on specific topics or skills, designed to improve participants' knowledge or performance.

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An innovative or imaginative problem-solving approach that is often unconventional and yields unexpected results.

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A method of dealing with disagreements by withdrawing or sidestepping to prevent direct confrontation.

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