Which of the following must be recalled if the debt is found to be not eligible?

Study for the GFEBS Debt Management Test. Access flashcards and multiple choice questions, complete with hints and explanations. Prepare for your exam with confidence!

In the context of debt management, when a debt is found to be not eligible, it becomes necessary to recall debts that have been previously closed out. Closed-out debts refer to obligations that were initially considered resolved or paid but are later determined to have been categorized wrongly or are not in compliance with eligibility criteria.

Recollecting these debts can often involve restoring them back to an active status so that the management processes can be applied correctly. This step ensures that any financial inaccuracies are addressed, allowing for a proper re-evaluation of the status of those debts. Closed-out debts pose a unique challenge since they may have already been accounted for in financial records, thus requiring a careful approach to adjust the accounts accordingly.

The other options involve debts that, while they may have specific considerations in debt management, do not necessarily relate to the process of recall after a determinate finding of ineligibility. For instance, debts that are legally enforceable or collectible may still be valid obligations that require handling under their own protocols and wouldn't be specifically recalled on the basis of ineligibility. Hence, recalling closed-out debts is crucial when determining the eligibility and compliance of debt management records.

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