Which of the Following Is NOT True of a Chapter

question 86

Multiple Choice

Which of the following is NOT true of a Chapter 13 repayment plan?

• A) Creditors do not vote to approve a chapter 13 repayment plan.
• B) If the court approves of the repayment plan, it is accepted.
• C) The plan must provide for full payment of all claims.
• D) The plan is not required to provide for full payment of all claims.
• E) The plan is required to treat all same-class creditors equally.

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Definitions:

Labor Surplus

A labor surplus occurs when there are more workers available than jobs, leading to unemployment and underemployment.

Hiring Freeze

A temporary halt in the recruitment process of an organization aimed at reducing costs.

Pay Reduction

A decrease in the amount of money an employee is paid, often as a result of economic difficulties, performance issues, or restructuring within an organization.

Trend Analysis

The practice of collecting information and attempting to spot a pattern.