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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
bankruptcy
B
discharge
C
litigant
D
debtor
2) These are the most common types of bankruptcy chapters
A
19 and 34
B
3 and 17
C
11 and 12
D
7 and 13
3) Someone who has borrowed money
A
creditor
B
litigant
C
debtor
D
discharge
4) A debtor files a petition of bankruptcy
A
Discharge
B
Litigant
C
Voluntary bankruptcy
D
Involuntary bankruptcy
5) A party in a lawsuit
A
Debtor
B
Litigant
C
Creditor
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
Chapter 7
B
American Bar Association
C
The Neighborhood Bar
D
The Lawyers League
8) A creditor files a petition of bankruptcy against a debtor
A
Voluntary bankruptcy
B
Debtor
C
Involuntary bankruptcy
D
Discharge
9) A lender or company that has lent money or issued credit
A
Creditor
B
Bartender
C
Debtor
D
Litigant
10) Congress enacted federal bankruptcy laws
A
1919
B
1934
C
1971
D
1950
*select an answer for all questions
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