Question

Which process leaves you with no debt when it is over?(1 point) Responses 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 neither Chapter 7 nor Chapter 13 bankruptcy Chapter 7 bankruptcy Chapter 7 bankruptcy

Answer 1

Chapter 7 bankruptcy is the process that typically leaves you with no debt when it is over. It involves liquidating non-exempt assets to pay off creditors, after which you are discharged from most remaining debts. Chapter 13 bankruptcy, on the other hand, involves a repayment plan over several years and may not eliminate all debts.