Answer:
Paula's age when the bankruptcy removed from her credit report=35years
Step-by-step explanation:
To solve this problem it is necessary to know about Chapter 7 bankruptcy
Chapter 7 bankruptcy
If a person has taken loan and he is not able to pay loan that time he can file Chapter 7 bankruptcy. It can erase a part of his debt. Chapter 7 bankruptcy is an option for debtor whose income is not very high. In Chapter 7 bankruptcy trustee sells some of the nonexempt assets of debtor and used it to pay creditors according to provision mention in the bankruptcy code.
It takes 10 years to remove chapter 7 bankruptcy from the credit report of debtors from the filing date.
Let Paula's age be x at the time when the bankruptcy removed from her credit report
when Paula filed for chapter 7 bankruptcy, her age was=25 year
It takes 10 years to remove chapter 7 bankruptcy from the credit report of debtors from the filing date.
Therefore Paula's age when the bankruptcy removed from her credit report=Paula's age when she filed chapter 7 Bankruptcy+ time taken to remove bankruptcy from her credit report
x= 25years+10years
x=35years
Paula's age when the bankruptcy removed from her credit report=35years
