For Creditors,which of the Following Is an Advantage of Chapter

question 36

Multiple Choice

For creditors,which of the following is an advantage of Chapter 13 over Chapter 7?

• A) It allows them to recover a greater percentage of the debts owed to them.
• B) It doesn't permit debtors to discharge even a small portion of unsecured debt.
• C) It permits creditors to get hold of the exempt and nonexempt properties of debtors.
• D) It ensures instant repayment of the debt without any delay.

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Definitions:

Deinstitutionalization

The process of reducing or eliminating long-term psychiatric care facilities, moving patients to community-based treatments.

Deinstitutionalization

The process of reducing reliance on large, centralized institutions, such as psychiatric hospitals, for the care of individuals with mental illness, favoring community-based services instead.

Community-Based Facilities

Local establishments designed to provide services or support to community members, often focusing on health, education, or social services.

Outpatient Care

Medical treatment provided to patients who do not require hospitalization and can return home after the procedure or consultation.