This topic contains a solution. Click here to go to the answer

Author Question: Although Chapter 7 is more widely recognized, the change in bankruptcy law has resulted in an ... (Read 28 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
Although Chapter 7 is more widely recognized, the change in bankruptcy law has resulted in an increase of Chapter 13 filings.
 
  Indicate whether the statement is true or false

Question 2

Fully Summarize the Chapter 13 process.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

TRUE

Answer to Question 2

Student should address the fact that Chapter 13 is available to individuals with regular income. Student should discuss how a person comes to file a Chapter 13. Some individuals must file Chapter 13 due to their income level and some choose Chapter 13 to retain certain assets, etc. The student should address issues dealing with the means test, how co-debtors are treated, pre-petition credit counseling, the meeting of the creditors, the formulation of a repayment plan, how creditors are paid and treated, i.e., priority creditors must be paid in full by the end of the plan.




laurencescou

  • Member
  • Posts: 593
Reply 2 on: Aug 3, 2018
:D TYSM


diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

For a complete list of videos, visit our video library