Asked by Micah Jones on May 14, 2024
Verified
Some debts that are dischargeable under Chapter 13 are not dischargeable under Chapter 7.
Dischargeable Debts
Debts that can be eliminated through bankruptcy, relieving the debtor from any further obligation for these debts.
Chapter 13
A chapter of the U.S. Bankruptcy Code allowing individuals with regular income to develop a plan to repay all or part of their debts.
Chapter 7
A section of the Bankruptcy Code that deals with the process of liquidation under the bankruptcy laws of the United States.
- Understand the restrictions of bankruptcy remedies, including debts exempt from discharge.
Verified Answer
SS
Shaketa ShountaeMay 15, 2024
Final Answer :
True
Explanation :
Chapter 13 bankruptcy allows for the discharge of some debts that cannot be discharged under Chapter 7, such as certain debts arising from property settlements in divorce or separation proceedings.
Learning Objectives
- Understand the restrictions of bankruptcy remedies, including debts exempt from discharge.