Problemas
Chapter 9 Test - 8th Chapter 7 bankruptcy permits debtors with regular incomes to pay all of a portion of their debts under the protection and supervision of the court. True False
Roztwór
Ariana
maestro · Tutor durante 5 años
4.5
(240 Votos)
Respuesta
False
Explicación
## Step 1The problem statement is about Chapter 7 bankruptcy, which is a type of bankruptcy that is commonly referred to as "liquidation bankruptcy". This means that the debtor's non-exempt assets are sold off to pay creditors.## Step 2The statement in the problem suggests that Chapter 7 bankruptcy allows debtors with regular incomes to pay all or a portion of their debts under the protection and supervision of the court. This is not accurate.## Step 3In reality, Chapter 7 bankruptcy does not allow for the payment of debts under the court's supervision. Instead, it involves the liquidation of the debtor's non-exempt assets to pay off the creditors.## Step 4Therefore, the statement given in the problem is false.