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 56 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?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Chapter 6 Comparative Gov pg. 1 quiz Chapter 6 Comparative Gov pg. 1 quiz
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
Progression Graph: Fitness Plan Progression Graph: Fitness Plan
A highly simplified view of the overall plan of the human body. A highly simplified view of the overall plan of the human body.
Roundworm Body Plan Roundworm Body Plan
Sea Star Body Plan Sea Star Body Plan
Video: Cavernous Sinus Larynx Middle Ear Orbit: Granulesm Animation

For a complete list of videos, visit our video library