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Module 123-125 Review Part 3
Test Description: Module 123-125 Review Part 3
Instructions: Answer all questions to get your test result.
1) Stays on your credit report for 10 years
A
debtor
B
discharge
C
bankruptcy
D
litigant
2) These are the most common types of bankruptcy chapters
A
3 and 17
B
11 and 12
C
7 and 13
D
19 and 34
3) Someone who has borrowed money
A
creditor
B
debtor
C
discharge
D
litigant
4) A debtor files a petition of bankruptcy
A
Discharge
B
Litigant
C
Involuntary bankruptcy
D
Voluntary bankruptcy
5) A party in a lawsuit
A
Litigant
B
Creditor
C
Debtor
D
Discharge
6) Action the court takes to wipe out a debtor's debts
A
discharge
B
litigant
C
debtor
D
credit
7) Has information on how and where to get legal help when filing bankruptcy
A
The Neighborhood Bar
B
Chapter 7
C
American Bar Association
D
The Lawyers League
8) A creditor files a petition of bankruptcy against a debtor
A
Voluntary bankruptcy
B
Involuntary bankruptcy
C
Debtor
D
Discharge
9) A lender or company that has lent money or issued credit
A
Creditor
B
Bartender
C
Litigant
D
Debtor
10) Congress enacted federal bankruptcy laws
A
1950
B
1971
C
1919
D
1934
*select an answer for all questions
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