Which Chapter of the Bankruptcy Code can provide some financial discipline to a debtor as well as an opportunity to get his financial affairs back in good shape?

Question

Quizplus · Accepted Answer

Chapter 13 can provide some financial discipline to a debtor as well as an opportunity to get his financial affairs back in good shape.It also gives him relief from the pressures of individual creditors so long as he makes the payments called for by the plan.The debtor's creditors may benefit by recovering a greater percentage of the debt owed to them than would be obtainable in straight bankruptcy.

Which Chapter of the Bankruptcy Code Can Provide Some Financial