In extreme cases, bankruptcy may be an option for consumers who are unable to repay debt. Although bankruptcy provides some benefits, filing for bankruptcy also entails considerable costs, including having notice of the bankruptcy appear on a consumer's credit report for up to 10 years.
Standard detail
10.
Benchmark
Depth 1Parent ID: 28CE83FF06994F9CAB9BEC1FBAC6C82BStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 10.
- List ID
- 10.
- Standard ID
- B474465C66524A2C9526CF004913E528
- ASN identifier
- S2604591
- Subject
- Financial Literacy
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 28CE83FF06994F9CAB9BEC1FBAC6C82B
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US