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Credit and Loans

Question 5 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

One reason people choose to file bankruptcy is because some of their debt will be .

Answer
A
increased
B
eliminated

Explanation

Bankruptcy can discharge, or legally eliminate, certain debts. That means the person may no longer be required to repay those debts, though not all types of debt are eliminated. The correct choice is “eliminated.”

AI-written and checked against the verified answer.

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