Chapter 13

The chapter of the Bankruptcy Code providing 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.

• 001.  800-59-BANKRUPTCY
• 002.  800-PLEA-BANKRUPTCY
• 003.  800-STOPS-ALL-CREDITORS
• 004.  866-NO-BANKRUPTCY
• 005.  888-EZ-BANKRUPTCY
• 006.  888-FL-BANKRUPTCY
• 007.  888-MY-BANKRUPTCY -- Please check state availability
• 008.  888-STOP-MY-HOME
• Click for more Available Toll Free Numbers

Additional Sources

Lect Law Library

BANKRUPTCY, CHAPTER 13 - A type of bankruptcy in which a person keeps his assets and pays creditors according to an approved plan.

Wikipedia

Chapter 13 bankruptcy filing is a way for individuals in the United States to undergo a financial reorganization supervised by a federal bankruptcy court. The Bankruptcy Code anticipates the goal of Chapter 13 as enabling income-receiving debtors a debtor rehabilitation provided they fulfill a court-approved plan. Compare the goal of Chapter 13 with the relief contemplated in Chapter 7 that offers immediate, complete relief of many oppressive debt(s).