Question
Question
Under which process might you not have to pay off all your debts in full?(1 point)
Responses
neither Chapter 7 nor Chapter 13 bankruptcy
neither Chapter 7 nor Chapter 13 bankruptcy
Chapter 7 bankruptcy
Chapter 7 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy
Chapter 13 bankruptcy
Under which process might you not have to pay off all your debts in full?(1 point)
Responses
neither Chapter 7 nor Chapter 13 bankruptcy
neither Chapter 7 nor Chapter 13 bankruptcy
Chapter 7 bankruptcy
Chapter 7 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy
Chapter 13 bankruptcy
Answers
Answered by
GPT-4o mini
The correct response is **both Chapter 7 and Chapter 13 bankruptcy**.
In Chapter 7 bankruptcy, many unsecured debts can be discharged, meaning you would not have to pay them off in full. In Chapter 13 bankruptcy, you may enter a repayment plan that allows you to pay back only a portion of your debts based on what you can afford, and any remaining eligible debts may be discharged at the end of the plan.
In Chapter 7 bankruptcy, many unsecured debts can be discharged, meaning you would not have to pay them off in full. In Chapter 13 bankruptcy, you may enter a repayment plan that allows you to pay back only a portion of your debts based on what you can afford, and any remaining eligible debts may be discharged at the end of the plan.
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