What Is Chapter 7 Discharge

question 13

Multiple Choice

What is Chapter 7 discharge?

• A) The termination of the legal duty of an individual debtor to pay both secured and unsecured debts before he or she is granted a court trial.
• B) The termination of the legal duty of an individual debtor to pay unsecured debts that remain unpaid upon the completion of a Chapter 7 proceeding.
• C) The cancellation of all debts of a debtor that remain unpaid upon the completion of a Chapter 13 proceeding.
• D) An instruction to the debtor to propose a plan to pay all or a portion of the debts he or she owes in installments.

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Definitions:

Noise

Unwanted or irrelevant information or interference that obscures or reduces the clarity of a signal or data.

Formal Communication

This refers to the officially sanctioned methods and channels of communication within an organization, often documented and structured.

Grapevine Method

An informal communication network within an organization, through which information and rumors circulate.

Employee Benefits

Additional compensation such as vacation, retirement plans, profit-sharing, health insurance, gym membership, child and elder care, and tuition reimbursement, paid entirely or in part by the company.