The correct response is Chapter 7 bankruptcy. In Chapter 7 bankruptcy, you may not have to pay off all your debts in full, as it allows for the discharge of certain unsecured debts, meaning you are relieved of the obligation to pay them. Chapter 13 bankruptcy typically involves a repayment plan where you pay back a portion of your debts over a period of time.
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 13 bankruptcy
Chapter 13 bankruptcy
Chapter 7 bankruptcy
Chapter 7 bankruptcy
both Chapter 7 and Chapter 13 bankruptcy
1 answer