Owen drops out before he completes his college education and starts his own business. Five years later, Owen files for bankruptcy under Chapter 13. Owen will obtain a discharge of all debts provided for by the Chapter 13 plan if the value of the property distributed under the plan is greater than what would have been available in a liquidation and
A. if he fails to make all payments due to events beyond his control.
B. if he stays in business for at least five years.
C. if he takes out a student loan and returns to school.
D. under no circumstances.
Answer:A
Owen drops out before he completes his college education and starts his own business. Five years later, Owen files for bankruptcy under Chapter 13. Owen will obtain a discharge of all debts provided for by the Chapter 13 plan if the value of the property distributed under the plan is greater than what would have been available in a liquidation and
A. if he fails to make all payments due to events beyond his control. B. if he stays in business for at least five years. C. if he takes out a student loan and returns to school. D. under no circumstances.