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 with interest over a period spanning from three to five years.
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Q2: Bankruptcy filings must not be made for
Q3: An individual or business that owes money
Q4: Because priority debts are deemed to be
Q5: A contract that is entered into by
Q6: The most common type of bankruptcy filed
Q7: Under Chapter 7 bankruptcy the trustee collects
Q8: The means test uses a complex formula
Q9: An example of a debt that is
Q10: Bankruptcy law is divided in clauses.
Q11: Insolvency often leads to default.
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