If You Declare Bankruptcy, You Have to Continue to Pay

question 101

True/False

If you declare bankruptcy, you have to continue to pay any alimony, child support, debts incurred through fraud and court costs.

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Definitions:

Tangible

Refers to physical items or properties that can be seen and touched.

Assessed

Evaluated or estimated the value, quality, or extent of something.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Assumptions

A considered belief or supposition made before having full knowledge, used as a basis for decision-making in various contexts.