Question

A Chapter 13 of the Bankruptcy Code provides an advantage to the debtor by which:

A. the debtor is not obligated to reveal all his assets.

B. unsecured creditors are not recognized as valid creditors.

C. the debtor can avoid the stigma of bankruptcy by getting an opportunity to pay the debts in installments under the protection of a federal court.

D. the court does not appoint a trustee, as it relies on the good faith of the debtor for the settlement of all debts.

Answer

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