Question

Which process leaves you with no debt when it is over?(1 point)
Responses

Chapter 7 bankruptcy
Chapter 7 bankruptcy

neither Chapter 7 nor Chapter 13 bankruptcy
neither Chapter 7 nor Chapter 13 bankruptcy

both Chapter 7 and Chapter 13 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy

Chapter 13 bankruptcy

Answer 1

The correct response is **Chapter 7 bankruptcy**. Chapter 7 bankruptcy often results in the discharge of most unsecured debts, leaving the individual with no debt when the process is completed, assuming they qualify and meet the requirements. Chapter 13 bankruptcy, on the other hand, involves a repayment plan and may not leave the filer completely debt-free at the end of the process.