Jerrys monthly income is $2,500, his monthly expenses are $2,100, and his debts are nearly...
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Jerrys monthly income is $2,500, his monthly expenses are $2,100, and his debts are nearly $15,000. If he applied the difference between his income and his expenses to pay off the debts, they could be eliminated within three years. The provision of the Bankruptcy Code that covers this plan is a Chapter 7.
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