22
QuizMultiple Choice

N/A — Exam

Question 22 • Economics

Though it is seen as a last resort, bankruptcy allows a consumer to

Answer
A
easily reestablish good credit.
B
eliminate certain types of debt.
C
temporarily stop paying debts.
D
receive credit in an emergency.

Explanation

Bankruptcy can discharge, or legally eliminate, certain types of debt. It does not make rebuilding credit easy, and while filing can temporarily pause collection activity, that is not the main lasting benefit described here. The correct choice is “eliminate certain types of debt.”

AI-written and checked against the verified answer.

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