Josh Was Sued by His Former Business Partner

question 34

Multiple Choice

Josh was sued by his former business partner.He lost the case and has to pay his former partner $10,000.He has not yet done so and is refusing to do so.Josh is applying for a mortgage for a new home.Should he be worried about the lawsuit impacting his mortgage application?

• A)No,this kind of information is not contained on one's credit report.
• B)Absolutely,this kind of information is contained on one's credit report.

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Definitions:

Reducing Workforce

Refers to the process of decreasing a company's employee count to improve financial performance, adapt to market changes, or restructure its operations.

Redesigning Work

The process of altering jobs and work processes to improve efficiency, employee satisfaction, and productivity.

Unemployed

Individuals who are not currently working but are actively seeking employment and available to start work.

Risk For Suicide

The potential likelihood that an individual will attempt to take their own life, often assessed through identifying certain risk factors such as mental health conditions, stress, or traumatic experiences.