10
QuizMultiple Choice

Bankruptcy

Question 10 • FL-2102371-Personal Finance and Money Management

Which are two steps to take to get your finances in order and avoid filing for bankruptcy?

Answer
A
make a budget and seek financial counseling
B
make a budget and seek advice from a lawyer
C
take the means test and seek financial counseling
D
take the means test and seek advice from a lawyer

Explanation

Making a budget helps you understand your income, expenses, and where you can reduce spending or pay down debt. Financial counseling can help you create a plan to manage your finances before bankruptcy becomes necessary. The means test and legal advice are more directly related to evaluating or pursuing bankruptcy, rather than the basic steps to get finances in order and avoid it.

AI-written and checked against the verified answer.

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