This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Chapter 13 debtors must submit a plan indicating how they intend to pay the creditors over a(n) ... (Read 49 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
on: Aug 2, 2018
Chapter 13 debtors must submit a plan indicating how they intend to pay the creditors over a(n) ________ year period.
 
  Fill in the blank(s) with correct word

Question 2

Discuss the advantages and disadvantages of filing a Chapter 13 bankruptcy.
 
  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

nital

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Aug 2, 2018
Answer to Question 1

three to five year period

Answer to Question 2

Student should discuss the Automatic Stay, the debtor's ability to keep his or her assets, cramdown, lien stripping, and a quicker credit score recovery as some of the advantages and differences from filing Chapter 7. Student should discuss long-term commitment, low success rate, and coming up with a repayment plan as disadvantages and as contrasting factors to Chapter 7 cases.


RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
Reply #2 on: Aug 2, 2018
Both answers were spot on, thank you once again


nital

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Aug 2, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Hematuria. An analysis of urine is performed to evaluate kidney function. In this illustration, the Hematuria. An analysis of urine is performed to evaluate kidney function. In this illustration, the
In some species, dominant females have more surviving offspring that mature earlier indicating an ad In some species, dominant females have more surviving offspring that mature earlier indicating an ad
These monolithic figures from Easter Island suggest the contemplative nature of philosophy, which ca These monolithic figures from Easter Island suggest the contemplative nature of philosophy, which ca
Plan and exterior, San Vitale, Ravenna. Plan and exterior, San Vitale, Ravenna.
A platinum tipped spark plug that is fuel soaked indicating a fault with the fuel system or the ... A platinum tipped spark plug that is fuel soaked indicating a fault with the fuel system or the ...
Bivalve Body Plan: Clam Bivalve Body Plan: Clam
Video: Lipid catabolism - lipolysis and beta oxidation and oxidation of fatty acids

For a complete list of videos, visit our video library