Dqsfamily81 Dqsfamily81

04-01-2020
Business

contestada

Which of the following bankruptcy verdicts for consumers permit removal of some debts?

a. Chapter 7
b. Chapter 11
c. Chapter 13
d. All of the above
e. None of the above

Respuesta :

Karabo99 Karabo99

04-01-2020

Answer:

c. Chapter 13

Explanation:

Chapter 13 bankruptcy allows an individual to pay loans in monthly installments for 3 or 5 years. It uses all the disposable income and after 3 or 5 years, all remaining debt is removed. Hence it allows for removal of some debts.

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