Veda believes that she needs to obtain a Chapter 13 discharge in bank?ruptcy. A Chapter 13 proceeding can be initiated by a filing of a pe?tition by

Question

Quizplus · Accepted Answer

In a Chapter 13 proceeding, the debtor initiates the process by filing a petition with the bankruptcy court. This type of bankruptcy allows individuals with regular income to create a plan to repay their debts over a period of time, usually three to five years. It is different from Chapter 7 bankruptcy, which is also initiated by the debtor but typically involves liquidation of assets to pay off creditors.

Veda Believes That She Needs to Obtain a Chapter 13