Question

Bankruptcy is a legal process that allows people to wipe away some or all of their debt. Chapter 7 is one of the most common ways of declaring bankruptcy. Which of the following types of debt is generally NOT dischargeable in a Chapter 7 bankruptcy? Choose 1 answer: Choose 1 answer: (Choice A, Checked) personal loans A personal loans (Choice B) credit card debt B credit card debt (Choice C) medical bills C medical bills (Choice D) student loans D student loans

Answer 1

[AI-generated answer — Bot GPT 3.5]

D) student loans

Answer 2

[AI-generated answer — Step-by-Step Bot]

Choice D) student loans

Answer 3

[AI-generated answer — Explain Bot]

In a Chapter 7 bankruptcy, some types of debt may not be dischargeable, meaning they cannot be wiped away. To determine which type of debt is generally NOT dischargeable in a Chapter 7 bankruptcy, let's examine the options provided:

- (Choice A) Personal loans: Personal loans are typically dischargeable in a Chapter 7 bankruptcy. However, it's important to note that if a personal loan was obtained by fraud or if it was granted shortly before filing for bankruptcy, it may not be dischargeable.

- (Choice B) Credit card debt: Credit card debt is commonly dischargeable in a Chapter 7 bankruptcy. However, if the credit card debt was incurred through fraudulent activity or if it was obtained shortly before filing for bankruptcy, it may not be dischargeable.

- (Choice C) Medical bills: Medical bills are generally dischargeable in a Chapter 7 bankruptcy.

- (Choice D) Student loans: Student loans are generally NOT dischargeable in a Chapter 7 bankruptcy. This is the correct answer.

While most types of debt can be discharged through Chapter 7 bankruptcy, it's important to consult with a bankruptcy attorney or research the specific rules and regulations in your jurisdiction to determine if any exceptions apply.