Which of the Following Is False Regarding Chapter 13 Bankruptcy

question 40

Multiple Choice

Which of the following is false regarding Chapter 13 bankruptcy?

• A)Chapter 13 permits individuals 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 under Chapter 13.

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Evidence

Information or facts presented in support or against a hypothesis or claim.

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A substance used to diagnose, cure, treat, or prevent disease, or to enhance physical or mental well-being.

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Proposed explanations or predictions that are based on limited evidence as a starting point for further investigation.

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Refers to parts or elements of a system that do not meet quality specifications or perform as intended.