Question 8 • FL-2102373-Personal Finance and Money Management Honors
Feeling overwhelmed in debt, Denae reached out to a credit counselor, and together they created a budget and debt management plan. Then Denae lost her job and has been unable to find another position with sufficient income to maintain her budget and schedule.What step should Denae take next?
Answer
Denae should seek guidance from an attorney skilled in bankruptcy law.
Option
Denae should conduct the means evaluation for bankruptcy qualification.
Option
Denae should cease all bill payments pending her future bankruptcy filing.
Option
Denae should request an additional line of credit to pay existing creditors.