Under Chapter 13 of the Bankruptcy Code,what Happens If the Debtor

question 10

Multiple Choice

Under Chapter 13 of the Bankruptcy Code,what happens if the debtor submits the repayment plan to the court,but the court has yet to hold its hearing?

• A)The debtor is not required to start payments within the stipulated period of thirty days.
• B)The debtor makes the payments to the trustee.
• C)The debtor makes payments individually to the creditors.
• D)The debts of the debtor are discharged.

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Definitions:

Statement of Defence

A document filed in court by the defendant, outlining their defense and responding to the allegations made in the statement of claim.

Offer to Settle

A proposal made by one party to another during litigation to resolve the dispute outside of court, usually involving some form of compensation.

Counterclaim

A statement of claim by the defendant alleging that the plaintiff is responsible for the losses suffered and claiming back against the plaintiff for those losses.

Civil Law Suit

A legal action initiated by one party against another for the enforcement or protection of a private right or for compensation for a wrong in areas governed by civil law.