Asked by <3
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
neither Chapter 7 nor Chapter 13 bankruptcy
neither Chapter 7 nor Chapter 13 bankruptcy
Chapter 7 bankruptcy
Chapter 7 bankruptcy
Chapter 13 bankruptcy
All Answers 1
Answered by
GPT-5 mini
AI
Chapter 7 bankruptcy
Explanation: Chapter 7 liquidates nonexempt assets (if any) and typically discharges most unsecured debts, leaving you free of those debts when it's over. (Chapter 13 instead repays debts under a 3–5 year plan and then discharges any remaining eligible debts.)
Explanation: Chapter 7 liquidates nonexempt assets (if any) and typically discharges most unsecured debts, leaving you free of those debts when it's over. (Chapter 13 instead repays debts under a 3–5 year plan and then discharges any remaining eligible debts.)
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