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 24 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


ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

For a complete list of videos, visit our video library