Question

managing credit
use what you have learned about managing credit to complete these sentences.
filing for bankruptcy can

debt
a major consequence of

is that it can

a
individual’s chances of receiving additional credit

(options for first blank: increase, eliminate; options for second blank: van partially visible)

Explanation:

For the first blank (about bankruptcy and debt), bankruptcy typically doesn't increase debt but can eliminate (discharge) certain debts. For the second blank (effect on chances of additional credit), a bankruptcy filing is a negative mark on credit history, so it would decrease (but the options given seem to have a typo or mis - option? Wait, the options for the second part: the first option for the first blank is "increase" or "eliminate"? Wait, re - reading: "Filing for bankruptcy can [first blank] debt so that it can [second blank] an individual’s chances of receiving additional credit." Wait, the first blank options: "increase" or "eliminate"? Bankruptcy is a legal process to discharge (eliminate) certain debts. Then, having a bankruptcy on record would decrease (but the second blank options? Wait, the image shows "van" (maybe a typo for "decrease" or "increase"? Wait, maybe the second blank options are "increase" or "eliminate"? No, that doesn't make sense. Wait, maybe the first blank: "eliminate" (because bankruptcy can eliminate some debts), and the second blank: "decrease" but if the options are "increase" or "eliminate" (maybe a mistake in the options). Wait, perhaps the intended first blank is "eliminate" (since bankruptcy is used to get rid of debt) and the second blank is "decrease" (but if the options are "increase" or "eliminate", maybe the second blank is "decrease" but the given options are wrong. Wait, maybe the first blank: "eliminate" (correct, as bankruptcy can eliminate unsecured debts), and the second blank: "decrease" (but if the options are "increase" or "eliminate", maybe the second blank is "decrease" but the options are misprinted. Alternatively, maybe the first blank is "eliminate" and the second blank is "decrease" (but since the options given are "increase" or "eliminate" for the second? No, that's not right. Wait, perhaps the first blank: "eliminate" (because bankruptcy eliminates debt) and the second blank: "decrease" (but if the options are "increase" or "eliminate", maybe the second blank is "decrease" but the options are wrong. Alternatively, maybe the first blank is "eliminate" and the second blank is "decrease" (but we have to work with the given options. Wait, the first blank options: "increase" or "eliminate". Bankruptcy doesn't increase debt, it eliminates (discharges) it. So first blank: "eliminate". Then, for the second blank: having a bankruptcy would decrease the chances of getting credit, but if the options are "increase" or "eliminate", that's a problem. Wait, maybe the second blank is "decrease" but the options are misprinted. Alternatively, maybe the second blank is "decrease" but the given options are "increase" or "eliminate". Maybe the intended answer is first blank: "eliminate", second blank: "decrease" (but since the options are limited, maybe the first blank is "eliminate" and the second blank is "decrease" (even if the options are wrong).

Answer:

First blank: eliminate; Second blank: decrease (Note: There may be a typo in the provided options, but based on credit management knowledge, bankruptcy eliminates debt and decreases chances of additional credit.)