An individual who has a steady source of income and a reasonable chance to repay debts would choose Chapter 13 rather than Chapter 7 of the U.S. Bankruptcy Code.

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This is because Chapter 13 allows for the debtor to restructure and repay their debts over time through a court-approved repayment plan, while Chapter 7 involves liquidating assets to pay off creditors and does not allow for repayment plans.

An Individual Who Has a Steady Source of Income and a Reasonable