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Which of the following bankruptcy verdicts for consumers permit removal of some debts? a. Chapter 7 b. Chapter 11 c. Chapter 13 d. All of the above e. None of the above
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Which of the following bankruptcy verdicts for consumers permit removal of some debts?

a. Chapter 7
b. Chapter 11
c. Chapter 13
d. All of the above
e. None of the above

User James Fleming
by
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1 Answer

2 votes

Answer:

c. Chapter 13

Step-by-step explanation:

Chapter 13 bankruptcy allows an individual to pay loans in monthly installments for 3 or 5 years. It uses all the disposable income and after 3 or 5 years, all remaining debt is removed. Hence it allows for removal of some debts.

User Ogborstad
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