American_Bankers_Association
CTFA · Question #278
CTFA Question #278: Real Exam Question with Answer & Explanation
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Question
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?
Options
- APersonal bankruptcy
- BStraight bankruptcy
- CWage earn plan
- DBoth A and B
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