Module 123-125 Review Part 3 Question Preview (ID: 34434)
Module 123-125 Review Part 3.
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Stays on your credit report for 10 years
a) bankruptcy
b) litigant
c) debtor
d) discharge
These are the most common types of bankruptcy chapters
a) 7 and 13
b) 11 and 12
c) 3 and 17
d) 19 and 34
Someone who has borrowed money
a) debtor
b) discharge
c) creditor
d) litigant
A debtor files a petition of bankruptcy
a) Voluntary bankruptcy
b) Involuntary bankruptcy
c) Discharge
d) Litigant
A party in a lawsuit
a) Litigant
b) Creditor
c) Debtor
d) Discharge
Action the court takes to wipe out a debtor's debts
a) discharge
b) debtor
c) credit
d) litigant
Has information on how and where to get legal help when filing bankruptcy
a) American Bar Association
b) The Neighborhood Bar
c) The Lawyers League
d) Chapter 7
A creditor files a petition of bankruptcy against a debtor
a) Involuntary bankruptcy
b) Voluntary bankruptcy
c) Debtor
d) Discharge
A lender or company that has lent money or issued credit
a) Creditor
b) Litigant
c) Debtor
d) Bartender
Congress enacted federal bankruptcy laws
a) 1934
b) 1919
c) 1950
d) 1971
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