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Which of these following debts could possibly be forgiven under chapter 7 bankruptcy?

A. A mortgage
B. A student loan
C. Alimony
D. Child support

User UncleLaz
by
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2 Answers

5 votes
A. A mortgage

Hope it helps
User Christopher Masser
by
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4 votes

Answer:

A. A mortgage

Explanation:

The chapter 7 of bankrupcy states that the person that owes the money should have his/her posessions taken away and by selling them repay the creditors, even if the sum of the belongings does not cover up for the whole amount that the person owes, this means that a mortgage is forgiven, but the house or the property is taken away and sold in an auction in order for the creditor to recover some of the money lost.

User Markus Mayr
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