asked 152k views
2 votes
To start his business, Neil borrows money from every source available to him, including all his credit cards and a line of credit at his bank. The business fails, and Neil files a voluntary Chapter 7 petition in good faith to discharge his debts. He returns to work as an attorney, where he makes over twice the median family income in his state. Neil's debts will most likely:_____________.

asked
User Jvdm
by
7.5k points

1 Answer

5 votes

Answer:

Be paid at least in part, after his case is converted to a Chapter 13 repayment plan.

answered
User Mark Jay
by
8.3k points
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