Problemas
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
Aída
professionell · Tutor durante 6 años
4.5
(275 Votos)
Respuesta
False
Explicación
## Step 1The problem statement is a statement about Chapter 7 bankruptcy. Chapter 7 bankruptcy, also known as liquidation bankruptcy, is a legal process in the United States where a debtor's non-exempt assets are sold off to pay creditors. This process is overseen by a court-appointed trustee.## 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. However, this is not accurate.## Step 3In reality, Chapter 7 bankruptcy does not allow debtors to pay all or a portion of their debts. Instead, it involves the liquidation of the debtor's non-exempt assets to pay off the creditors. This process does not involve the debtor making regular payments to the creditors.## Step 4Therefore, the statement in the problem is false.