Question
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.
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.
Answers
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C. Debtors are allowed to keep their assets.
D. Debtors establish repayment plans.
D. Debtors establish repayment plans.