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dora filed for chapter 13 bankruptcy in 2011. even if she planned to take the maximum time allowed under chapter 13 to repay her debts she must have planned to repay them by no later than what year

2 Answers

6 votes

Answer:

2016 apex approved

Explanation:

User Archit Saxena
by
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1 vote

Answer:

Dora must have planned to repay her debts no later than year 2016.

Explanation:

When a person enters into a Chapter 13 bankruptcy case, he or she can reorganize his/her debts or unpaid mortgage or any other loan payment. This can be paid off between three to five years with five years being the maximum allotted time frame.

So, if Dora filed for chapter 13 bankruptcy in 2011, she must have planned to repay her debts no later than
2011+5=2016

User Frankie Simon
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8.3k points