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Evaluate Bankruptcy Consequences and Alternatives
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DSST
DSSTPF.069 Evaluate Bankruptcy Consequences and Alternatives
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Which comparison of Chapter 7 and Chapter 13 discharge timing is most accurate?
A
Chapter 7 discharge may occur relatively early in eligible cases, while Chapter 13 discharge generally comes after completing plan payments.
B
Chapter 13 discharge always happens before the first plan payment.
C
Chapter 7 discharge requires five years of payments in every case.
D
Both chapters discharge debts only when the debtor closes all bank accounts.
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