Chapter 13 Bankruptcy

The Chapter 13 bankruptcy is a process in which an individual with a regular income can reorganize their debts and make a plan to repay them. The repayment plan lasts for three to five years, during which the debtor makes payments to their trustee, who then uses those funds to pay the debtor's creditors. If the debtor completes their repayment plan, they are discharged from their remaining debts.

Terms A-Z

Stay On Top Of Industry Trends

By providing my email address, I agree to’s Privacy Policy