Under Current Bankruptcy Law, Which of the Following Debts Are

question 33

Multiple Choice

Under current bankruptcy law, which of the following debts are not dischargeable under Chapter 7?

• A) Past due child support
• B) Past due mortgage payments
• C) Past due credit card payments
• D) Past due auto loan payments
• E) All of the above are dischargeable under Chapter 7 bankruptcy law

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Definitions:

Common Shares

Equity securities that represent ownership in a corporation, providing voting rights and a share in the company’s profits through dividends.

Founders

Individuals who establish a company or an organization, often involved in its early development and management.

Required Rate

The minimum return rate expected by investors or lenders on their investment or loan.

Constant Rate

A fixed rate that does not change over time, applicable in various financial, scientific, or technical contexts.