Question

Use what you have learned about managing credit to complete the statements. one reason people choose to file bankruptcy is because some of their debt will be . a major consequence of bankruptcy is that it can an individual’s chances of receiving additional credit for .

Answer 1

Filing for bankruptcy can eliminate debt. A major consequence of bankruptcy is that it can harm an individual's chances of receiving additional credit.

What is bankruptcy?

Bankruptcy can be defined as the inability of a person to payback debt or the amount borrowed.

Filing for bankruptcy can help to  eliminate or clear a person  debt and the disadvantage of bankruptcy is that  the borrower may be unable to borrow another credit.

Therefore the complete statement is : eliminate/ harm.

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Answer 2

Answer:

eliminate

harm

7 -10 years

Explanation: edge 2022 (economics)