Jordan believes that she needs to obtain a discharge in bankruptcy through an individual's repayment plan. This proceeding can be initiated by a filing of a petition by

Question

Jordan believes that she needs to obtain a discharge in bankruptcy through an individual's repayment plan. This proceeding can be initiated by a filing of a petition by​

Quizplus · Accepted Answer

An individual's repayment plan, also known as Chapter 13 bankruptcy, can only be initiated by the debtor themselves by filing a petition. Trustees are involved in Chapter 7 bankruptcy, which involves liquidation of assets, while corporations and partnerships can only file for Chapter 11 bankruptcy.

Jordan Believes That She Needs to Obtain a Discharge in Bankruptcy