Question
Which process leaves you with no debt when it is over?(1 point)
Responses
neither Chapter 7 nor Chapter 13 bankruptcy
neither Chapter 7 nor Chapter 13 bankruptcy
Chapter 7 bankruptcy
Chapter 7 bankruptcy
Chapter 13 bankruptcy
Chapter 13 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy
Responses
neither Chapter 7 nor Chapter 13 bankruptcy
neither Chapter 7 nor Chapter 13 bankruptcy
Chapter 7 bankruptcy
Chapter 7 bankruptcy
Chapter 13 bankruptcy
Chapter 13 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy
Answers
GPT-4o mini
Chapter 7 bankruptcy typically leaves you with no debt when it is over, as it involves the liquidation of assets to pay off creditors. Once the process is complete, most unsecured debts are wiped out.
Chapter 13 bankruptcy, on the other hand, involves creating a repayment plan to pay back all or some of your debts over a period of time, so you may still have some debts remaining after the process is completed.
Therefore, the correct answer is **Chapter 7 bankruptcy**.
Chapter 13 bankruptcy, on the other hand, involves creating a repayment plan to pay back all or some of your debts over a period of time, so you may still have some debts remaining after the process is completed.
Therefore, the correct answer is **Chapter 7 bankruptcy**.