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Credit and Loans

Question 7 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Filing for bankruptcy can debt.

Answer
A
increase
B
eliminate

Explanation

Filing for bankruptcy can eliminate some debts, such as certain unsecured debts, though it does not erase every kind of debt. Therefore, the best choice is “eliminate.”

AI-written and checked against the verified answer.

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