Chapter 13 bankruptcy requires the debtor to have a regular income to create a repayment plan to pay back all or part of their debts, but it does not specifically require having non-exempt assets, nor does it protect a debtor's credit score or require consent by secured creditors.

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A Chapter 13

Question 4

Multiple Choice

A Chapter 13:

A) protects a debtor's credit score since creditors are being paid back.
B) requires income.
C) requires having non-exempt assets.
D) requires consent or approval by secured creditors.
E) both answers b and c.
F) both answers a and d.

Correct Answer: