Which of the following is false regarding Chapter 13 of the bankruptcy code?
A) Chapter 13 permits individuals with regular income to pay their debts to creditors in installment plans under the supervision of the court.
B) Any debtor who files under Chapter 13 could also have filed under Chapter 11.
C) Chapter 13 repayment plans are usually simpler and less expensive than Chapter 11 plans.
D) By statute Chapter 13 plans last between 36 and 60 months.
E) Individuals, partnerships, and corporations may file for a Chapter 13 repayment plan.

Question

Quizplus · Accepted Answer

Chapter 13 bankruptcy is specifically designed for individuals, including sole proprietors, and does not allow partnerships or corporations to file under this chapter. This is a key distinction from Chapter 11, which can accommodate businesses including partnerships and corporations.

Which of the Following Is False Regarding Chapter 13 of the Bankruptcy