What Are the Distinguishing Features of a Chapter 13 Plan

question 4

Multiple Choice

What are the distinguishing features of a Chapter 13 plan?

• A)Each unsecured creditor must receive the same percentage of debt payments as the secured creditors.
• B)In exchange for a longer bankruptcy term the debtor may keep more personal assets.
• C)The debtor's assets are not liquidated, but disposable income is used to pay creditors for up to five years.
• D)Chapter 13 plans may be filed every year, as necessary.

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