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To adjust debt and institute a repayment plan, Bianca-who is not a corporation, a partnership, ora family farmer or fisherman-may file a petition in bankruptcy for relief through
(A) a liquidation.
(B) a reorganization.
(C) a repayment plan.
(D) a straight bankruptcy plan

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Answer:

Correct answer is (C) a repayment plan.

Explanation:

Repayment plan is a method of payment of loan mostly in monthly payment that is agreed between the borrower and the lender and it is based on the interest rate on which the loan will be paid.

Since the Bianca is not a corporation, a partnership, ora family farmer or fisherman, he can only seek relief through repayment plan.

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