A Chapter 13 Plan of Reorganization May Include All but Which

question 1

Multiple Choice

A Chapter 13 plan of reorganization may include all but which one of the following?

• A) Priority debts must be paid in full unless the debtor waives that right.
• B) Future wages must be controlled by the trustee.
• C) Assets must be liquidated.
• D) The rights of unsecured creditors may be modified.

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Definitions:

Compounded Semi-Annually

A method of calculating interest where the calculation is done twice a year, and the interest from the first half is added to the principal for the second half calculation.

Financial Institutions

Businesses that provide financial services, including banks, credit unions, and insurance companies.

Compounded Semi-Annually

Interest on an investment or loan calculated twice a year, adding each interest payment to the principal.

Principal

The original amount borrowed or invested.