1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cricket20 [7]
3 years ago
9

What is the largest difference between Chapter 7 and Chapter 13 bankruptcy?

Social Studies
1 answer:
Norma-Jean [14]3 years ago
3 0

The main difference between Chapter 7 and Chapter 13 bankruptcy is in the way the debt payment is structured.

Under Chapter 7 a debtor's assets are sold off to pay the lenders (creditors) in a process called liquidation.

Chapter 13 on other hand is more of a negotiation since debtors filing under this chapter still receive a regular income and with that they can negotiate a payment plan to repay the loan without having to liquidate all of their assets.

You might be interested in
What did Winfield Scott and Zachary Taylor have in common? Choose all correct answers.
r-ruslan [8.4K]

Answer:

1. Both were veterans of the War of 1812.

2. Both led US troops in Mexico.

3. Both ran for president of the United States as members of the Whig Party.

I don't know the rest sorry :(

Explanation:

- Winfield Scott was a general of the United States Army, diplomat and presidential candidate of his country. Nicknamed Old Fuss and Feathers, for his exaggerated adherence to regulations and his rigorous property in dressing, he served his country as a general for longer than any other character in US history and most historians describe him to the commander. most gifted of his time in America. In the course of his 50-year career he participated in the Anglo-American War of 1812, the American Intervention in Mexico, the Black Hawk War, the Seminole Wars and briefly in the American Civil War. He helped in the conception of the Anaconda Plan that would be used for the defeat of the Confederacy. He served as the Army's General Commander for twenty years, longer than any other in that position. National hero after the war with Mexico served as military governor of Mexico City. Such was his popularity that his party, the Whig, decided to nominate him instead of Millard Fillmore for the presidential election of 1852. Despite losing the election to the Democrat Franklin Pierce his popularity did not decrease, instead he was promoted to the rank of Lieutenant General becoming the first military since George Washington to hold the position.

- Zachary Taylor, also known as Old, Rough and Ready, was the twelfth president of the United States of America, from 1849 to 1850. He stood out for his great military career and for being the first president of the United States to take office without having been previously elected to no other public office. He was, in addition, the second president who died during the mandate. He died of gastroenteritis, although it is not excluded that it was cholera. Finally, it is also worth mentioning that he was the last president to own slaves during his presidency.

7 0
3 years ago
Read 2 more answers
In what way are ethnocentrism and perspective alike?
Brilliant_brown [7]

Answer:

DDDDDDDDDDDDDDDDDD......

8 0
3 years ago
Read 2 more answers
Under what circumstances does the vice president become president
ivanzaharov [21]
If the president dies or is Assassinated
6 0
4 years ago
Read 2 more answers
Frances is assigned a research project where she is to attend a celebratory family meal and analyze her experiences as she parti
Lunna [17]

Answer: D. autoethnography

Explanation: According to Maréchal (2010), "autoethnography is a structure or technique of research which involves self-perception and reflexive investigation with regards to ethnographic field work and writing". Frances is assigned the autoethnography research method because she was to use her experiences from the meal she participated in, her thoughts and feeling about the family event to write her project.

7 0
3 years ago
Why does earth have seasons
Nuetrik [128]

In the summer season, Earth’s northern hemisphere is tilted towards the sun and in winter season the northern hemisphere is away from the sun. The tilt actually causes a lot of difference in the amount of sunlight received by the earth and since the sunlight is the main cause of the weather change that leads to different seasons.


4 0
4 years ago
Read 2 more answers
Other questions:
  • What is the purpose of the united nations according to this charter
    10·2 answers
  • Describe the four elements that markets need for success.
    6·1 answer
  • John has alkaptonuria; it "runs in the family". john and his grandmother are both homozygous for alkaptonuria. john's grandmothe
    11·1 answer
  • Need in 5 minutes <br> Why Do 9 Justices Serve on the Supreme Court?
    15·1 answer
  • Which of the following is an example of the supreme court using judicial review
    7·2 answers
  • PLZZZZZZZZZZZZZZZZ HELP ME i begging YOUUUUU !!!!!!!!!!!!!!!!!!!!!!!!!!!
    15·2 answers
  • Help me plzzzzzzzzzzzzzz
    10·1 answer
  • Matter can ___________ when it changes from one state to another and back again.
    14·1 answer
  • 1. Describe Britain's relationship with the colonies prior to the French and Indian War (Salutary Neglect).​
    14·1 answer
  • Let's suppose we conduct a hypothesis test about the mean value of something, and determine that we should reject the null hypot
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!