Which of the federal bankruptcy plans frees you from having to repay your debts?
A. Chapter 12
B. Chapter 1
C. Chapter 13
D. Chapter 7



Answer :

Final answer:

Chapter 7 bankruptcy frees individuals from repaying debts through asset liquidation.


Explanation:

Chapter 7 of the federal bankruptcy plans frees individuals from having to repay their debts entirely by liquidating assets to pay creditors. This chapter is typically quicker and easier compared to other forms of bankruptcy.


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