Which of the Following Debts Is Not Dischargeable in Bankruptcy

question 13

Multiple Choice

Which of the following debts is not dischargeable in bankruptcy?

• A) judgments based on negligence
• B) judgments based on breach of contract
• C) judgments for willful and malicious injuries
• D) judgments in which the creditors would receive no distribution

---

Definitions:

Compounded

A method of calculating interest where previously earned interest is added to the principal amount, and then future interest is calculated on the new total.

Quarterly

Occurring every three months or four times a year.

Annuity

An investment vehicle that provides a consistent series of disbursements to a person, often employed in retirement planning.

RRSP

A registered retirement savings plan, a tax-advantaged account designed to help Canadians save for retirement.