Which of the following is true of Chapter 13 discharge? All unpaid taxes are dis
ID: 353913 • Letter: W
Question
Which of the following is true of Chapter 13 discharge?
All unpaid taxes are discharged under Chapter 13 discharge.
It is not granted if the debtor has received Chapter 7 discharge in the last four years.
It is granted before a Chapter 13 plan of payment is enforced.
It is granted only for the secured unpaid debts of a debtor.
a)All unpaid taxes are discharged under Chapter 13 discharge.
b)It is not granted if the debtor has received Chapter 7 discharge in the last four years.
c)It is granted before a Chapter 13 plan of payment is enforced.
d)It is granted only for the secured unpaid debts of a debtor.
Explanation / Answer
Answer:-
(b) It is not granted if the debtor has received Chapter 7 discharge in the last four years.
Reason:-
The reason is that first a debtor under chapter 13 is entitled to a discharge upon completion of all payments under chapter 13 plan so long as the debtor and also he gets that if he has not received a discharge in a prior case filed with in a certain time frame ( two years for prior chapter 13 cases and 4 years for chapter 7,11 & 12 cases ) also has completed course in financial management.
In conclusion, debtor repays debts under chapter 13 over a 3 to 5 year period.
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