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

## Step 1<br />The 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.<br />## Step 2<br />The 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.<br />## Step 3<br />In 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.<br />## Step 4<br />Therefore, the statement given in the problem is false.