Which of the Following Debts Continue Even After an Individual

question 33

Multiple Choice

Which of the following debts continue even after an individual has been discharged from bankruptcy?

• A)Past family maintenance for dependants
• B)Unsecured loans
• C)Secured loans
• D)Ordinary debt
• E)Judgment debts

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Definitions:

Services Performed

Tasks or activities that are completed by a business or individual for compensation, often in the context of providing professional, maintenance, or consultancy services.

Cash Recorded

Cash recorded refers to the recording of cash transactions in the financial ledgers and accounts of a business, providing a trackable record of all cash movements.

Cash Payments Journal

A financial journal that tracks all cash outlays of a business, including expenses, asset purchases, and debt repayments.

Cash Purchase

This term refers to a transaction where goods or services are bought and paid for with cash or cash equivalent immediately at the point of sale.