Multiple Choice
What is a Chapter 7 discharge?
A) The termination of the legal duty of an individual debtor to pay both secured and unsecured debts before he or she is granted a court trial.
B) The termination of the legal duty of an individual debtor to pay unsecured debts that remain unpaid upon the completion of a Chapter 7 proceeding.
C) The cancellation of all debts of a debtor that remain unpaid upon the completion of a Chapter 13 proceeding.
D) An instruction to the debtor to propose a plan to pay all or a portion of the debts he or she owes in installments.
Correct Answer:
Verified
Correct Answer:
Verified
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