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A person can lose everything he or she owns when creditors move in to collect what they are owed. A person might have to go through bankruptcy.

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9y ago

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Which can occur when a person owes more money than he or she can earn or pay to creditors?

bankruptcy


Which of these can occur when a person owes more money than he or she can earn or pay to creditors?

Bankruptcy.


Which of these can occur when a person owes more money than he or she earn or pay to creditors?

bankruptcy


What can occur when a person owes more money than he or she can earn or pay creditors?

A person can lose everything he or she owns when creditors move in to collect what they are owed. A person might have to go through bankruptcy.


What can occur when a person owes more money than he or she can earn or pay creditor's?

A person can lose everything he or she owns when creditors move in to collect what they are owed. A person might have to go through bankruptcy.


What can occur when a person owes more than they can earn or pay to creditors?

Ultimately - they either have to work out a long-term payment plan - or go to jail !


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