which of the following is not a true statement about filing bankruptcy? a. bankruptcy erases all of your…

which of the following is not a true statement about filing bankruptcy? a. bankruptcy erases all of your debt. b. it is possible to rebuild your credit after filing bankruptcy. c. there are exemptions that allow you to keep essentials. d. bankruptcy stops aggressive action by creditors. please select the best answer from the choices provided

which of the following is not a true statement about filing bankruptcy? a. bankruptcy erases all of your debt. b. it is possible to rebuild your credit after filing bankruptcy. c. there are exemptions that allow you to keep essentials. d. bankruptcy stops aggressive action by creditors. please select the best answer from the choices provided

Answer

Brief Explanations:

Bankruptcy doesn't erase all debt. Some debts like certain taxes, alimony, and child - support are non - dischargeable. It is possible to rebuild credit over time after bankruptcy. There are exemptions for keeping essentials, and it stops creditor harassment.

Answer:

A. Bankruptcy erases all of your debt.