Chapter 13 plan definition · LSData
Chapter 13 plan definition · LSData - LSD.Law
Chapter 13 is a part of the United States Bankruptcy Code that allows individuals with regular income to create a plan to repay some or all of their debts.
Chapter 13 definition · LSData - LSD.Law
Chapter 13 is a section of the United States Bankruptcy Code that allows individuals with a regular income to create a court-approved debt-repayment plan.
Chapter 13 bankruptcy definition · LSData - LSD.Law
Chapter 13 bankruptcy is a way for people who owe money to deal with their debts. It allows them to make a plan to pay back their creditors over time using ...
Chapter 13 - Bankruptcy Basics | United States Courts
A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts.
wage-earner's plan definition · LSData - LSD.Law
It is also known as Chapter 13 bankruptcy. This plan allows the individual to reorganize their debts and make payments over a period of time, usually three to ...
bankruptcy plan definition · LSData - LSD.Law
A bankruptcy plan is a detailed plan created by a debtor or their creditors to manage the debtor's rehabilitation, continued operation, or liquidation, ...
Chapter 13 plan | Wex - Law.Cornell.Edu
Chapter 13 of the United States Bankruptcy Code allows individuals with regular income to develop a plan to repay some or all of their debts.
income-based plan definition · LSData - LSD.Law
An income-based plan is a way to pay back money you owe based on how much money you make. This type of plan is often used in Chapter 13 bankruptcy cases. A ...
bankruptcy definition · LSData - LSD.Law
Chapter 13: Permits the discharge of some debt, as well as the repayment of other debt over a period of three to five years. It may also permit a reduction in ...
Chapter 13 Plan Definition - Nolo
Typically, a Chapter 13 plan requires the debtor to make set payments once or twice a month, which the bankruptcy trustee uses to pay creditors. The plan must ...
bankruptcy law definition · LSData
Bankruptcy law is a legal system that deals with individuals or businesses who are unable to pay their debts. It provides relief and protection to both the ...
What is a Chapter 13 Plan? - Bankruptcy - ARM Lawyers
A Chapter 13 Plan is a repayment plan you design in a Chapter 13 bankruptcy. It determines the payment schedule, who gets paid, and other provisions.
dischargeable debts definition · LSData - LSD.Law
In Chapter 11, discharge is available when a repayment plan is confirmed. In Chapter 12 and 13, debt can be discharged after completing a payment plan and ...
bankruptcy trustee definition · LSData - LSD.Law
In a Chapter 11 case, the trustee's role is to reorganize the debtor's business obligations, debts, and assets to emerge from bankruptcy and continue operation.
Chapter 13 Bankruptcy: How It Works, Eligibility, and Alternatives
Here, we'll look at Chapter 13, also known as wage earner's bankruptcy, a plan to repay debts in a structured manner while preserving assets. What Is Chapter 13 ...
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Chapter 7 bankruptcy definition · LSData - LSD.Law
To qualify for Chapter 7 bankruptcy, an individual must pass the means test. The means test determines whether the individual is able to pay off their debts ...