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Question 304 - CTFA discussion

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It is a legal proceeding that results in ''wiping the slate clean and starting anew''; most of the debtor's obligations are eliminated in an attempt to put the debtor's financial affairs in order. What is it?

A.
Personal bankruptcy
Answers
A.
Personal bankruptcy
B.
Straight bankruptcy
Answers
B.
Straight bankruptcy
C.
Wage earn plan
Answers
C.
Wage earn plan
D.
Both A and B
Answers
D.
Both A and B
Suggested answer: B
asked 16/09/2024
Ada Galilea
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