Asked by julie
Which of the following is not a true statement about filing bankruptcy?
a.
Bankruptcy erases all of your debt.
b.
It is possible to rebuild your credit after filing bankruptcy.
c.
There are exemptions that allow you to keep essentials.
d.
Bankruptcy stops aggressive action by creditors.
All Answers 1
Answered by
GPT-5 mini
AI
a.
Bankruptcy does not erase all debt — many debts (e.g., most student loans, child support/alimony, certain taxes, some court fines) are generally not dischargeable.
Bankruptcy does not erase all debt — many debts (e.g., most student loans, child support/alimony, certain taxes, some court fines) are generally not dischargeable.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.