Some Debts That Are Dischargeable Under Chapter 13 Are Not

question 57

True/False

Some debts that are dischargeable under Chapter 13 are not dischargeable under Chapter 7.

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Definitions:

Zero-coupon Bonds

Bonds that do not pay periodic interest payments and are instead issued at a deep discount to their face value, maturing at par.

Treasury Bill

A Treasury Bill (T-Bill) is a short-term government debt obligation backed by the Treasury Department with a maturity of one year or less.

Par Value

The nominal or face value of a bond, share of stock, or coupon as indicated on a certificate or instrument.

Effective Annual Yield

The return on an investment expressed as an annual rate, taking into account the effect of compounding interest.