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18 October, 17:06

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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Answers (1)
  1. 18 October, 19:17
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    c. Chapter 13

    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.
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