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 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.<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. However, this is not accurate.<br />## Step 3<br />In 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.<br />## Step 4<br />Therefore, the statement in the problem is false.