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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. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.
Chapter 13 bankruptcy allows you to propose a repayment plan to the court and creditors. Learn about qualifying and filing for chapter 13 bankruptcy.
When you file a Chapter 13 bankruptcy, you must prove you can afford to pay your monthly household obligations and the monthly plan payment. The bankruptcy court won't " confirm " or approve your proposed Chapter 13 plan if you don't have any income or it's too low.
The goal is to resolve some debts and get current on secured loans — those with collateral, such as a home or car. Here's how to figure out if Chapter 13 bankruptcy is right for you and how...
Chapter 13 is a form of bankruptcy that allows debtors to restructure their debts and pay them off over a period of three to five years under court supervision.
When you file for Chapter 13 bankruptcy, you’ll need to meet certain requirements. The court will check your income, tax status, debts and previous bankruptcies to determine if you qualify.
Chapter 13 bankruptcy gives debtors with their backs against the wall some breathing room. It stops collections, including foreclosures and repossessions. It will require you to repay some...
Chapter 13 bankruptcy allows you to repay some of what you owe through a court-ordered repayment plan. The repayment plan usually lasts between three and five years. The filing fee for Chapter 13 bankruptcy is $310, but if your income is low enough, you could file to waive this fee.
Learn how Chapter 13 bankruptcy works, whether you are eligible to file Chapter 13 bankruptcy, differences between Chapter 7 and Chapter 13, and more.
Bankruptcy can help you with a fresh start if you’re out of options. Learning how to file for Chapter 13 bankruptcy can help you decide if this decision is right for you.