Bankruptcy Test

Bankruptcy IQ Test


Instructions: A skipped question will be scored as a zero.

1.If I file chapter 7 I will lose all of my property.

Skip this  True  False

2.Everyone will know you have filed for bankruptcy.

Skip this  True  False

3.Filing chapter 7 can improve bad credit.

Skip this  True  False

4.Filing bankruptcy will ruin my credit for ten years.

Skip this  True  False

5.The chapter 7 Federal Bankruptcy Act is a new Federally approved program that will eliminate 100% of any debts for good.

Skip this  True  False

6. Filing for bankruptcy means you're a bad person.

Skip this  True  False

7. Filing bankruptcy leads to divorce.

Skip this   True  False

8. You can't get rid of back taxes through bankruptcy.

Skip this   True  False

9. My bankruptcy is likely to be reported in the newspapers.

Skip this   True  False

10. Chapter 7 eligibility is limited to people who are under the median income based on US Census Bureau standards for location and household size.

Skip this   True  False

11. If I am over the median I may still be able to file chapter 7 under the "special circumstances" doctrine.

Skip this   True  False

12. If you're married both you and your spouse have to file for bankruptcy.

Skip this   True  False

13. Only Deadbeats file for bankruptcy.

Skip this True  False

14. It's really hard to file for bankruptcy.

Skip this True  False

15. If you file for bankruptcy you'll never be able to own anything again..

Skip this   True  False

16. After a bankruptcy discharge, the automatic stay becomes a permanent injunction.

Skip this   True   False

17. Anyone seeking to file bankruptcy is first required to obtain a pre-bankruptcy briefing from a credit counseling agency approved by the US attorneys office.

Skip this   True   False

18. You can file chapter 7 bankruptcy and still keep your house and your car.

Skip this   True   False

19. Chapter 7 bankruptcy is designed to give the honest and needy debtor a "fresh start".

Skip this   True   False

20. I should tell my bankruptcy attorney only as much as he needs to know about my financial situation.

Skip this  True   False

 

Your Bankruptcy IQ is zero

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