Leonardo filed for chapter 7 bankruptcy when he was 35 years old. How old will he be when the bankruptcy is removed from his credit report?

Per new academics question and answer requested students to indicate what they agree to is the most important important point for a student to do if they wanted to accomplished success. A lot of comments, one that that stood out was practice. People who usually are successful do not become successful by being born. They work hard and determination their lives to succeeding. If you want to achieve your goals, keep this in mind! followed below are one of the answer and question example that you can potentially use to practice and enrich your knowledge and also give you insights that might just help you to preserve your study in school.

Question:

Leonardo filed for chapter 7 bankruptcy when he was 35 years old. How old will he be when the bankruptcy is removed from his credit report?

Answer:

Answer:

He will be 45 years old when the bankruptcy is removed from his credit report.

Explanation:

Chapter 7 bankruptcy is the easiest way of bankruptcy that people can file when they have problems to cover their debts. In this, the court assigns a trustee who will take the assets you have, will sell them and distribute the money among the creditors. Also, people that want to file this type of bankuptcy have to get counseling. One of the disadvantages of this, is that it wil stay in your credit report for 10 years. Because of that, Leonardo will be 45 when the bankruptcy is removed from his credit report.

They could hopefully assist the student sort out the question by using the questions and answer examples. Then could potentially make some sharing in a group discussion and also learning with the classmate related to the topic, so another student also have some enlightenment and still keeps up the school learning.

READ MORE  Which of the following is an example of marine biotechnology?

Leave a Reply

Your email address will not be published.