Which of the Following Is False Regarding Chapter 13 of the Bankruptcy

question 24

Multiple Choice

Which of the following is false regarding Chapter 13 of the bankruptcy code?

• A)Any debtor who files under Chapter 13 could also have filed under Chapter 11.
• B)By statute Chapter 13 plans last between 36 and 60 months.
• C)Chapter 13 repayment plans are usually simpler and less expensive than Chapter 11 plans.
• D)Individuals,partnerships,and corporations may file for a Chapter 13 repayment plan.
• E)Chapter 13 permits individuals with regular income to pay their debts to creditors in installment plans under the supervision of the court.

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Definitions:

Carpet Cleaning

The removal of dirt, stains, allergens, and other contaminants from carpets through various cleaning methods to maintain appearance and hygiene.

Long-run Cost Function

Describes the relationship between output and the cost of production when all inputs, including capital, are variable.

Marginal Cost

The production cost for one more unit of a product.

Local River

A naturally flowing body of water that is part of a community's immediate environment.