Asked by Aqualaquisha Lebron on May 31, 2024

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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.
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JG
Jaida GrahamJun 01, 2024
Final Answer :
D
Explanation :
All of the listed debts (judgments not yet executed, medical expenses, and older credit card debts) are typically dischargeable in a Chapter 7 bankruptcy proceeding.