Question: What does a straight bankruptcy do ? Question 7 options: It eliminates all the obligations of a debtor. It results in the loss of all

What does a straight bankruptcy do?
Question 7 options:
It eliminates all the obligations of a debtor.
It results in the loss of all the assets of a debtor.
It results in the repayment of debt within 3 to 5 years.
It exempts a debtor from all tax payments and payments for alimony and child support.
It allows a debtor to retain some personal assets as per federal regulations.

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