Which of these debts could possibly be forgiven under Chapter 7 bankruptcy? A. Credit Card Debt B. Child Support C. Alimony D. A

Question

Snowcat [4.5K]

3 years ago

11

Which of these debts could possibly be forgiven under Chapter 7 bankruptcy? A. Credit Card Debt B. Child Support C. Alimony D. A

Student Loan

Mathematics

2 answers:

Reil [10] · Answer 1 · 2022-01-29T12:48:10+03:00

Reil [10]3 years ago

7 0

Answer:

credit card debt

Step-by-step explanation:

a_sh-v [17] · Answer 2 · 2022-01-29T10:24:17+03:00

Chapter 7 - Bankruptcy is a very beneficial means for those facing severe financial uncertainty or debts. And even though it cannot remove all your liability, it can help you eliminate a number of arrears so you can begin working to reestablish your credit score. These are the debts which are not forgiven in Chapter 7: student loans, child support, alimony payments, majority of taxes you owe and secured or collateral debts.

So the answer is A. Credit Card. A credit card debt can be forgiven under chapter 7 because it is the main reason why people file for bankruptcy just to discharge their credit card balance.