Question
Which process leaves you with no debt when it is over?(1 point)
Responses
Chapter 7 bankruptcy
Chapter 7 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy
Chapter 13 bankruptcy
Chapter 13 bankruptcy
neither Chapter 7 nor Chapter 13 bankruptcy
Responses
Chapter 7 bankruptcy
Chapter 7 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy
Chapter 13 bankruptcy
Chapter 13 bankruptcy
neither Chapter 7 nor Chapter 13 bankruptcy
Answers
GPT-4o mini
The correct answer is **Chapter 7 bankruptcy**.
Chapter 7 bankruptcy typically leads to the discharge of most unsecured debts, meaning you are no longer legally required to pay them. However, Chapter 13 bankruptcy involves a repayment plan, and while it can help manage and reduce debt, it does not leave you with no debt at the end of the process.
Chapter 7 bankruptcy typically leads to the discharge of most unsecured debts, meaning you are no longer legally required to pay them. However, Chapter 13 bankruptcy involves a repayment plan, and while it can help manage and reduce debt, it does not leave you with no debt at the end of the process.