Difference between revisions of "Chapter 13"
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'''Chapter 13''' of the [[Bankruptcy Code]] provides for adjustment of [[debt]]s of an individual with regular income, often referred to as a "wage-earner" plan. Chapter 13 allows a debtor to keep property and use his or her disposable income to pay debts over time, usually three to five years. | '''Chapter 13''' of the [[Bankruptcy Code]] provides for adjustment of [[debt]]s of an individual with regular income, often referred to as a "wage-earner" plan. Chapter 13 allows a debtor to keep property and use his or her disposable income to pay debts over time, usually three to five years. | ||
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Revision as of 18:27, April 23, 2008
Chapter 13 of the Bankruptcy Code provides for adjustment of debts of an individual with regular income, often referred to as a "wage-earner" plan. Chapter 13 allows a debtor to keep property and use his or her disposable income to pay debts over time, usually three to five years.
