How Does Chapter 7 Bankruptcy Differ from Chapter 13 Bankruptcy

question 15

Multiple Choice

How does Chapter 7 bankruptcy differ from Chapter 13 bankruptcy?

• A)Chapter 7 is the quickest and simplest form of bankruptcy
• B)In a Chapter 13 bankruptcy,the debtor proposes a plan of reorganization to keep his or her assets and pay creditors over an extended time period
• C)Both are correct.
• D)Neither is correct.

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Definitions:

Uninvolved

A parenting or caregiving style characterized by a low level of responsiveness and communication, combined with limited emotional involvement or supervision.

Negligent

Failing to take proper care in doing something, leading to harm or injury to others.

Sexual Maturation

The process of acquiring sexual maturity and reaching reproductive capability.

Puberty

The developmental stage in humans and other primates marked by the onset of sexual maturity and physical growth.