Which of the Following Is False Regarding Chapter 13 of the Bankruptcy

question 85

Multiple Choice

Which of the following is false regarding Chapter 13 of the bankruptcy code?

• A) Chapter 13 permits individuals with regular income to pay their debts to creditors in installment plans under the supervision of the court.
• B) Any debtor who files under Chapter 13 could also have filed under Chapter 11.
• C) Chapter 13 repayment plans are usually simpler and less expensive than Chapter 11 plans.
• D) By statute Chapter 13 plans last between 36 and 60 months.
• E) Individuals, partnerships, and corporations may file for a Chapter 13 repayment plan.

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Definitions:

International Trade Union Confederation

An international organization aimed at promoting the interests of workers globally through international cooperation and advocacy.

Equality at Work

The principle that all individuals have the right to be treated fairly in the workplace, without discrimination on the basis of characteristics like gender, race, or disability.

Uruguay

A country located in the southeastern region of South America, known for its verdant interior and beach-lined coast.

Legal Liability

The responsibility under law to make restitution, compensation, or face penalties due to acts or omissions which are in violation of the legal statutes or the rights of others.