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

Author Question: Although Chapter 7 is more widely recognized, the change in bankruptcy law has resulted in an ... (Read 27 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Aug 3, 2018
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
Reply #1 on: Aug 3, 2018
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
Gracias!

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

While numerous subspecies of the jaguar have been recognized, recent research suggests just three. G While numerous subspecies of the jaguar have been recognized, recent research suggests just three. G
Mastering Bio Chapter 22 Mastering Bio Chapter 22
Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Donald Trump and Climate Change Donald Trump and Climate Change
Change in Annual Precipitation Over Land, 1901-2010 Change in Annual Precipitation Over Land, 1901-2010
Video: Regulation of GFR: three methods, autoregulation & autoregulation via myogenic mechanism

For a complete list of videos, visit our video library