amandamarogen57
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Which statement best describes what happens when people declare bankruptcy?

1. Some of their debts can be eliminated, and loan terms are renegotiated with lenders.
2. All of their debts are eliminated, and they are given a fresh start.
3. All of their debts are eliminated, but they have to sell their assets, such as their homes.
4. Some of their debts can be eliminated, but they must agree not to take on more debt.​

Respuesta :

AnnieIsCool6480

Answer:

I  believe that the answer is 4

Explanation:

When someone is bankrupt they agree not to take on more debt, Once your debt is discharged, your creditors cannot contact you or attempt to collect the debt in any way.

Amanimonay

1. Some of their debts can be eliminated, and loan terms are renegotiated with lenders.

2. All of their debts are eliminated, and they are given a fresh start.

3. All of their debts are eliminated, but they have to sell their assets, such as their homes.

D took the test UWU

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