Access Point #: SS.912.FL.4.AP.10


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Discuss bankruptcy options, benefits and consequences for consumers who are unable to repay debt.
Number: SS.912.FL.4.AP.10 Category: Access Points
Date Adopted or Revised: 05/23 Standard: Using Credit

Related Benchmarks

Name Description
SS.912.FL.4.10 (Discontinued after 2023-2024): Analyze the fact that, in extreme cases, bankruptcy may be an option for consumers who are unable to repay debt, and 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.



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