Which of the following is NOT true of a Chapter 13 repayment plan?
A) Creditors do not vote to approve a chapter 13 repayment plan.
B) If the court approves of the repayment plan, it is accepted.
C) The plan must provide for full payment of all claims.
D) The plan is not required to provide for full payment of all claims.
E) The plan is required to treat all same-class creditors equally.

Question

Quizplus · Accepted Answer

DA Chapter 13 repayment plan does not require full payment of all claims; it often involves partial repayment based on the debtor's ability to pay. The statement that the plan must provide for full payment of all claims is not true, making option C incorrect. Option D is actually true because Chapter 13 plans can include provisions for less than full payment on certain debts, depending on the debtor's disposable income and the type of debt.

Which of the Following Is NOT True of a Chapter