2
QuizMultiple Choice

Bankruptcy

Question 2 • [PERFIN] Personal Finance, Sem 2 (26-27)

Which of the following can not be discharged by filing bankruptcy?

Answer
A
car loan
B
credit card debt
C
mortgage
D
student loan

Explanation

Student loans generally cannot be discharged through bankruptcy unless the borrower proves that repayment would cause undue hardship. Credit card debt and many car or mortgage debts can be discharged, though bankruptcy may not let you keep the property securing a car loan or mortgage. Therefore, the correct choice is student loan.

AI-written and checked against the verified answer.

Previous
Next