To allow a debtor to start over financially.

To punish a debtor for their financial mistakes.

To transfer a debtor's debts to another person.

To increase a debtor's credit score.

Credit card debt

Student loans

Taxes

Child support

Chapter 7 is a liquidation bankruptcy, while Chapter 13 is a reorganization bankruptcy.

Chapter 7 is a reorganization bankruptcy, while Chapter 13 is a liquidation bankruptcy.

Chapter 7 is a type of bankruptcy for businesses, while Chapter 13 is a type of bankruptcy for individuals.

Chapter 7 is a type of bankruptcy for individuals, while Chapter 13 is a type of bankruptcy for businesses.

The debtor must have a regular income.

The debtor must have a certain amount of debt.

The debtor must have filed for bankruptcy in the past.

The debtor must be able to repay their debts in full.

The debtor must have a regular income.

The debtor must have a certain amount of debt.

The debtor must have filed for bankruptcy in the past.

The debtor must be able to repay their debts in full.

The debtor must file a petition with the bankruptcy court.

The debtor must attend a meeting of creditors.

The debtor must submit a plan to repay their debts.

All of the above.

The debtor is no longer legally obligated to repay the discharged debts.

The debtor's credit score will improve.

The debtor will be able to get a new job.

All of the above.

The debtor's credit score will be damaged.

The debtor may lose their job.

The debtor may be denied credit in the future.

All of the above.

Debt consolidation

Credit counseling

Negotiating with creditors

All of the above.

When you are unable to pay your debts.

When you are facing foreclosure or repossession.

When you are being sued by creditors.

All of the above.

A secured debt is backed by collateral, while an unsecured debt is not.

A secured debt is a type of debt that is owed to a bank, while an unsecured debt is a type of debt that is owed to a credit card company.

A secured debt is a type of debt that is owed to a government agency, while an unsecured debt is a type of debt that is owed to a private individual.

A secured debt is a type of debt that is owed to a business, while an unsecured debt is a type of debt that is owed to a consumer.

A dischargeable debt is a debt that can be discharged in bankruptcy, while a non-dischargeable debt cannot.

A dischargeable debt is a debt that is owed to a bank, while a non-dischargeable debt is a debt that is owed to a credit card company.

A dischargeable debt is a debt that is owed to a government agency, while a non-dischargeable debt is a debt that is owed to a private individual.

A dischargeable debt is a debt that is owed to a business, while a non-dischargeable debt is a debt that is owed to a consumer.

There is no statute of limitations for filing a bankruptcy petition.

The statute of limitations for filing a bankruptcy petition is two years.

The statute of limitations for filing a bankruptcy petition is four years.

The statute of limitations for filing a bankruptcy petition is six years.

The filing fee for a Chapter 7 bankruptcy petition is $335.

The filing fee for a Chapter 13 bankruptcy petition is $310.

The filing fee for a Chapter 11 bankruptcy petition is $1,738.

All of the above.

The bankruptcy trustee is responsible for liquidating the debtor's nonexempt property.

The bankruptcy trustee is responsible for distributing the proceeds of the liquidation to the debtor's creditors.

The bankruptcy trustee is responsible for overseeing the debtor's reorganization plan.

All of the above.