If a debtor is an individual who wants to keep most of his property,has a steady income,and believes he can pay off most of his debts,the best bankruptcy plan for him would probably be:

Question

Quizplus · Accepted Answer

A consumer debt adjustment, also known as Chapter 13 bankruptcy, would be the best choice for this individual. This plan allows the individual to keep most of their property and create a repayment plan based on their steady income to pay off most of their debts over a period of 3-5 years. It also allows for the possibility of reducing some debts, such as medical bills or credit card debt, while still paying off priority debts like taxes and mortgage payments.

If a Debtor Is an Individual Who Wants to Keep