Asked by Aqualaquisha Lebron on May 31, 2024
Verified
Which of the following debts are dischargeable in a Chapter 7 bankruptcy proceeding?
A) A $10,000 judgment that has not yet been executed.
B) Medical expenses of $25,000.
C) Credit card debts of $15,000 from two years ago.
D) All of these are dischargeable.
Dischargeable
Describes debts that can be eliminated through bankruptcy, releasing the debtor from personal liability for certain financial obligations.
Medical Expenses
Costs incurred from medical care, treatments, or procedures, often considered for financial accounting, insurance claims, or tax deductions.
Credit Card Debts
Financial obligations resulting from the use of a credit card to borrow money or purchase goods and services.
- Identify the types of debts dischargeable in bankruptcy.
Verified Answer
Learning Objectives
- Identify the types of debts dischargeable in bankruptcy.
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