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Which of the following statements is true of Chapter 13 of the Bankruptcy Code? It encourages extensions of credit. It does not help debtors to

Which of the following statements is true of Chapter 13 of the Bankruptcy Code?

  • It encourages extensions of credit.
  • It does not help debtors to overcome their financial difficulties.
  • It reduces the amount of time allowed to repay debts.
  • It permits reductions of debts.

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