A Type of Bankruptcy That Allows One to Wipe Out

question 118

Multiple Choice

A type of bankruptcy that allows one to wipe out his unsecured debt and restructure his secured debt is called

• A) the wage earner plan.
• B) Chapter 11 bankruptcy.
• C) Chapter 20 bankruptcy.
• D) Chapter 7 bankruptcy.
• E) Chapter 13 bankruptcy.

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Definitions:

Influence

Influence refers to the capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Psychology

The systematic exploration of the human mind and its operations, particularly those influencing behavior within a specific situation.

Destructive

Causing significant harm or damage, either physically or emotionally, to objects, relationships, or individuals.

Society

Society refers to a group of individuals living together in a more or less ordered community, sharing customs, laws, and institutions.