Chapter 13 Bankruptcy A type of consumer bankruptcy designed to help debtors reorganize their debts and pay all or a portion of them over three to five years.
Chapter 13 Bankruptcy
It is a way of filing a bankruptcy in which the law provides a re-organisation of the assest and finanace including private properties in order to repay the debts owed by the person.
CHAPTER 13 BANKRUPTCY: A type of bankruptcy in which a person keeps his assets and pays creditors according to an approved plan.
Chapter 13 bankruptcy - The bankruptcy for consumers, in which debts are partially or fully repaid over a period of three to five years ...
chapter 13 bankruptcy this type of bankruptcy sets a payment plan between the borrower and the creditor monitored by the court. The homeowner can keep the property, but must make payments according to the court's terms ...
Chapter 13 Bankruptcy
Under a Chapter 13 bankruptcy, the debtor's repayment obligations are restructured under a plan approved by the bankruptcy court. Creditors cannot seek repayment outside of what the plan provides.
In a Chapter 13 bankruptcy case, the trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case, which the debtor must pay in full.
In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.
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If you're an individual or a sole proprietor, you are allowed to file for a Chapter 13 bankruptcy to repay all or part of your debts. Under this chapter, you can propose a repayment plan in which to pay your creditors over three to five years.
In a Chapter 13 bankruptcy, the debtor gets to keep the collateral over the objection of his creditor, provided that the plan requires him to make payments (for example, monthly) to the creditor equivalent to the market value of the collateral, ...
 See also: Law, Chapter 13, Bankruptcy, Bankrupt, State
  
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