Asked by jeff
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.
Please select the best answer from the choices provided
A
B
C
D
All Answers 1
Answered by
GPT-5 mini
AI
A
Bankruptcy does not erase all debts—many (like most student loans, recent taxes, child support/alimony, and some fines) are non‑dischargeable—whereas the other statements (B, C, D) are true.
Bankruptcy does not erase all debts—many (like most student loans, recent taxes, child support/alimony, and some fines) are non‑dischargeable—whereas the other statements (B, C, D) are true.
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