question 30

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the textbook is Personal Finance:13th edition by Garman and Forgue

Question 30 3 pts Which of the following statements is not correct regarding straight bankruptcy or Chapter 7? Petitioners seeking to file Chapter 7 must pass a "means" test O Most of the bankrupt person's assets are given over to the bankruptcy trustee Chapter 7 provides for an immediate liquidation of assets The debtor submits a debt repayment plan to the court that is designed to repay as much of the debt as possible