Under the provisions of Chapter 13 of the federal bankruptcy law,the debtor retains his or her property,but agrees to pay back all or a portion of his or her debts on an interest free
basis over a period spanning from three to five years.

Question

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This is an accurate description of Chapter 13 bankruptcy, as the debtor does retain their property and agrees to pay back their debts on an interest-free basis over a period of three to five years.

Under the Provisions of Chapter 13 of the Federal Bankruptcy