Asked by Lichen

How does Chapter 13 bankruptcy differ from Chapter 7 bankruptcy?

a. Individuals keep their assets after Chapter 13 bankruptcy reorganization occurs

b. Individuals lose their assets after Chapter 13 bankruptcy reorganization occurs.****

c. Individuals’ credit reports are not impacted when Chapter 13 bankruptcy is filed.

d. Individuals’ credit reports are impacted less when Chapter 7 bankruptcy is filed.
Answered by NuttyMango
well i failed and imma give u the answer for connexus students
1What is bankruptcy?
A.making more money than you spend
B.spending more money than you make
C.******not being able to repay your loans******
D.owing money and paying it back

2.How does Chapter 13 bankruptcy differ from Chapter 7 bankruptcy?
A.****Individuals keep their assets after Chapter 13 bankruptcy reorganization occurs.******
B.Individuals lose their assets after Chapter 13 bankruptcy reorganization occurs.
C.Individuals’ credit reports are not impacted when Chapter 13 bankruptcy is filed.
D.Individuals’ credit reports are impacted less when Chapter 7 bankruptcy is filed.


Which statement describes Chapter 13 bankruptcy? Select all that apply.
A.All of the debtor’s assets are divided amongst their creditors.
B.Debtors lose all of their assets.
C.****Debtors are allowed to keep their assets*****
D.****Debtors establish repayment plans.****
Answered by Anonymous
He is right just did it

C
A
C.d
Answered by Anonymous
Anonymous is 100% correct!

C
A
C D
Answered by Kappa
NuttyMango is 100% correct I just did it
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