Debtors and Creditors - Module 1 of 5

Question 1

Discharge of a debt can take place in:

Question 2

The personal debt ratio as a percentage of the US economy is:

Question 3

Being unable to pay a debt is a criminal offense in:

Question 4

A post-debt agreement between a debtor and multiple creditors is called:

Question 5

Assignments for the benefit of creditors is often ruled by:

Question 6

Debtors have sued creditors under all of these common law theories except:

Question 7

“Duties” are sometimes called:

Question 8

Assignments for the benefit of creditors require that:

Question 9

Debts can be:

Question 10

The percentage of US residents who are in debt is: