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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