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Personal Finance 9-2 ALT

Essay
 

 1. 

Vocabulary:
 

 2. 

#10 page 296     
What are some reasons people get into extreme debt and seek bankruptcy?
 

 3. 

#11 page 296
What are the two purposes of bankruptcy?
 

 4. 

#15 page 296
What can happen if you are unable to pay back an equity loan?
 

 5. 

#21 page 297
Why should some people consider bankruptcy rather than trying to pay off their legal debts?  Give examples.
 

 6. 

#23 page 297
Why do bankruptcy laws require credit counseling before a person can declare bankruptcy?
 

 7. 

#25 page 297
Why is debt consolidation a good option for consumers with many forms of credit and many credit card payments?
 



 
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