Bankruptcy

Question 1

Which of the following are alternatives to avoid filing for bankruptcy? Check all that apply.Make and maintain a strict budget.Apply for a personal loan through your bank.Seek financial counseling as early as possible.Take out a debt consolidation loan.Open additional credit card accounts.

Revolt · Accepted Answer

Make and maintain a strict budget.

Question 2

After bankruptcy, your credit score will [___]. It will have a [___] impact on your credit health.

Revolt · Accepted Answer

decrease; After bankruptcy, your credit score will . It will have a impact on your credit health.: decrease; After bankruptcy, your credit score will . It will have a impact on your credit health.: negative; Discharged accounts will your score.: still impact; The bankruptcy will be reflected on your credit score for as long as .: 7-10 years

Bankruptcy Answers

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