How Long Will a Bankruptcy Remain on the Record If

question 58

Multiple Choice

How long will a bankruptcy remain on the record if it is the individual's first and they have been relieved of the responsibility of repaying their creditors through the bankruptcy process?

• A) 3 years
• B) 5 years
• C) 6 years
• D) 14 years

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Definitions:

Promises

Commitments or assurances given by one party to another about the occurrence or non-occurrence of certain future events.

Physical Proximity

The spatial closeness or distance between two or more objects or individuals, which can influence interactions and relationships.

Obedience

The act of following orders, rules, or requests from someone in authority or the societal norms.

Obedience to Authority

The tendency of individuals to comply with commands given by someone perceived as an authority figure, even if they may disagree with the orders.