A couple has one child. They live in Virginia and have a combined annual income of $91,215. The couple has a mortgage, a car loan, student loans, and credit card debt. When one of them loses their job, their monthly income is reduced by $3,200. If they felt the need to file for bankruptcy, which of the following statements is true?
a.
They could file for Chapter 7 bankruptcy and discharge all of their debt.
b.
They could file for Chapter 7 bankruptcy and discharge most of their debt.
c.
They could file for Chapter 13 bankruptcy and discharge all of their debt.
d.
They could file for Chapter 13 bankruptcy and discharge some of their debt.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A couple has one child. They live in Virginia and have a combined annual income of $91,215. The couple has a mortgage, a car loan, student ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A cable is 84 meters long is cut into two pieses so that one piece is 18 meters longer than the other. find the length of each piece of cable.
Answers (1)
Bryanna performed an experiment in which she flipped a coin and recorded the results. She got heads up 23 times and tails up 27 times Which statements are true about the experimental probability of getting tails up?
Answers (1)
Marcus is trying to calculate the price of a pound of candy. He is doing calculations on his calculator and comes on with $2.348 per pound. How much is Marcus going to pay per pound? How is rounding applied in this situation?
Answers (1)
The length of the hypotenuse of a right triangle is 14 inches. If the length of one leg is 6 inches, what is the approximate length of the other leg? A. 11.5 inches B. 12.6 inches C. 15.2 inches D. 20.0 inches
Answers (1)
Jose works 25 hours a week at $12.50 per hour. How many weeks will he have to work to earn $3,437.50?
Answers (1)
New Questions in Mathematics
Put these numbers in order, smallest to largest 4.9 9.44 9.4 4.09 4.99
Answers (2)
How many people are between 159 cm and 179 cm
Answers (1)
What fraction is equivalent to 5.1? is 5.1 a rational number?
Answers (2)
Natalie has a choice of three breads, five choices of meats, and four choices of cheese to make a sandwich. how many different sandwiches can she make?
Answers (1)
What is the area of this triangle 12 inches and 3 inches
Answers (2)