8
QuizMultiple Choice

Bankruptcy — Quiz

Question 8 • Personal Finance

Eduardo is feeling overwhelmed with bills and considering filing for bankruptcy. Which step should Eduardo take to make a positive change in his financial situation and avoid filing for bankruptcy?

Answer
A
Eduardo should consider debt consolidation.
B
Eduardo should seek advice from a lawyer.
C
Eduardo should open a secure credit card.
D
Eduardo should complete the means test.

Explanation

Debt consolidation combines multiple debts into one payment, which may make bills easier to manage and help Eduardo avoid bankruptcy. Seeking a lawyer’s advice can explain his legal options, but it does not itself change his debt payments. A means test is part of determining eligibility for certain bankruptcy filings, rather than a step to avoid filing.

AI-written and checked against the verified answer.

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