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

1 answer

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.

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