Which of the Following Is True of Chapter 13 Plan

question 88

Multiple Choice

Which of the following is true of Chapter 13 plan of payment?

• A) It does not require a debtor to disclose his or her estimated income during their period of plan.
• B) It must be filed not later than 90 days after the order for relief.
• C) The plan of payment is summarily rejected if a secured creditor does not accept the plan.
• D) The plan of payment is summarily rejected if an unsecured creditor does not accept the plan.

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Definitions:

Labor-Intensive

Describes industries or businesses that require a large amount of labor to produce goods or provide services, often resulting in higher labor costs.

Capital-Intensive

Refers to businesses or industries that require significant amounts of capital investment in machinery, equipment, or large-scale infrastructure to produce goods or services.