If a person's debts are subject to a Chapter 7 discharge, what does it mean?
A) that he or she needs to repay only unsecured debts
B) that he or she needs to repay only secured debts
C) that he or she needs to pay his prepetition debts with his postpetition income
D) that he or she need not repay the debt
D
You might also like to view...
In a survey of customers and salespeople, which of the following was considered LEAST important in determining whether a salesperson was trustworthy?
A. Product knowledge B. Positive attitude C. Well-dressed D. Intelligent E. Asks good questions
A bowling alley is located on the outskirts of a city. The area was recently rezoned for residential use. Will this change affect the present operation of the bowling alley?
A. Yes; they will have to relocate. B. Yes; to continue operating the bowling alley, a petition for variance must be filed with the zoning appeal board. C. No; the bowling alley is considered a nonconforming use because it was constructed prior to the enactment of the ordinance so it may continue operating. D. No; only urban renewal projects require absolute compliance.