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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, although it does not erase every type of debt. For example, certain taxes and student loans may still have to be paid. So the correct choice is “eliminate.”

AI-written and checked against the verified answer.

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