A Chapter 13 Plan of Reorganization May Include All but Which

question 18

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.

---

Definitions:

Compounded Annually

Interest on a loan or investment is calculated once a year, with each year’s interest added to the principal for the subsequent year’s interest calculation.

Compounded Annually

The process of earning interest on an investment where the accrued interest is added to the principal sum once per year.

Nominal Rate

The nominal rate is the interest rate stated on a loan or investment agreement, not accounting for inflation or other factors that affect the real rate of return.

Compound Annual Rate

The rate at which an investment grows annually when interest is reinvested to earn additional interest.