Multiple Choice
Which of the following is not generally an advantage of a Chapter 13 bankruptcy?
A) It eliminates all debts, so the debtor "starts fresh," with no remaining debt.
B) A Chapter 13 petition is generally less expensive to file than a Chapter 7 petition.
C) With a Chapter 13 filing, the debtor avoids the stigma of a Chapter 7 filing.
D) More property is exempt in Chapter 13 bankruptcy than in Chapter 7 bankruptcy.
E) With Chapter 13 bankruptcy, creditors generally receive a greater percentage of debts paid.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: After a decade of lobbying by bankrupt
Q51: Mary is considering filing bankruptcy because she
Q52: As changed in the 2005 Act,which of
Q53: A debtor and creditor can enter into
Q54: In Chapter 11 bankruptcy,the court will appoint
Q56: The "median income test" under the 2005
Q57: A trustee is named in a Chapter
Q58: When the order for relief is granted,all
Q59: The goal of Chapter _ bankruptcy is
Q60: The Bankruptcy Abuse Prevention and Consumer Protection