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What effect does filing bankruptcy have on your credit score?
Lowers it
Too high of taxes
Chapters 7 and 13
Have a variety of credit (store card, major card, car loan)
Right away
All of the Above
Chapter 13
Both chapters 7 and 13
What two types of bankruptcy are discussed in this lesson?
Lowers it
Too high of taxes
Chapters 7 and 13
Have a variety of credit (store card, major card, car loan)
Right away
All of the Above
Chapter 13
Both chapters 7 and 13
Which type of bankruptcy leaves you with NO debt once all is done, no matter what?
Lowers it
Too high of taxes
Chapters 7 and 13
Have a variety of credit (store card, major card, car loan)
Right away
All of the Above
Chapter 13
Both chapters 7 and 13
Which is NOT a top 3 reason people file for bankruptcy?
Lowers it
Too high of taxes
Chapters 7 and 13
Have a variety of credit (store card, major card, car loan)
Right away
All of the Above
Chapter 13
Both chapters 7 and 13
How soon after bankruptcy proceedings are finalized can you begin rebuilding your credit?
Lowers it
Too high of taxes
Chapters 7 and 13
Have a variety of credit (store card, major card, car loan)
Right away
All of the Above
Chapter 13
Both chapters 7 and 13
In which bankruptcy proceeding might you not have to pay back your debts in full?
Lowers it
Too high of taxes
Chapters 7 and 13
Have a variety of credit (store card, major card, car loan)
Right away
All of the Above
Chapter 13
Both chapters 7 and 13
Which of the following is NOT eliminated when chapter 7 bankruptcy is filed?
Lowers it
Too high of taxes
Chapters 7 and 13
Have a variety of credit (store card, major card, car loan)
Right away
All of the Above
Chapter 13
Both chapters 7 and 13
What would be a practical way to build credit?
Lowers it
Too high of taxes
Chapters 7 and 13
Have a variety of credit (store card, major card, car loan)
Right away
All of the Above
Chapter 13
Both chapters 7 and 13
Check it!