Chapter 13

Also found in: Wikipedia.

Chapter 13

A section of the U.S. Bankruptcy Code that deals with reorganization of debt of wage-earning individuals, including the opportunity to save their homes from foreclosure.

Chapter 13

A form of bankruptcy in which a person or company reorganizes his/her/its debts so they are repaid over a period of three to five years. This form of bankruptcy is most commonly used if one continues to have significant income even though one's debts have become too burdensome. A disadvantage to Chapter 13 is the fact that one's debts are not discharged. However, Chapter 13 may allow one to maintain ownership of assets that would otherwise be liquidated. It is also called a wage earner plan. See also: Chapter 7, Chapter 11, Best interests of creditors test.

Mentioned in ?

References in classic literature ?

In chapter 13, verse 18, of the Apocalypse, it is said:

View in context

For individuals that do own several valuable assets, Chapter 13 bankruptcy is probably the better option.

Bankruptcy Provides the Opportunity for Financial Recovery

Back in March, Herring filed for Chapter 13 reorganization, listing $101,000 in debts and $110,000 in assets.

Will Bankruptcy

Noah Key of boyband Chapter 13 tosses his drumsticks in the air as the group get Amanda Holden's Golden Buzzer on Saturday's Britain's Got Talent.

Simon busted over BGT band link; THE DIARY

Amanda Holden pressed her golden buzzer on tonight's Britain's Got Talent for young boyband Chapter 13.

Amanda Holden's golden buzzer act revealed as heartthrob BGT boyband Chapter 13; Britain's Got Talent judge Simon Cowell believes the four boys are the new Busted

A bank could not seek in rem relief exempting a property from automatic stay after an alleged serial filer of Chapter 13 bankruptcies voluntarily dismissed his latest petition, a U.S.

No in rem relief after Chapter 13 dismissal

(1) The Code, subject to certain limitations, (2) bestows upon a consumer debtor the discretion to either voluntarily seek relief pursuant to chapter 7 or chapter 13, (3) the latter of which enables consumer debtors to remain in custody of their home throughout the duration of their respective plan.

LIVING MORTGAGE AND INTEREST FREE? THE UNWARRANTED DISCHARGE FOR DEBTORS WHO FAIL TO MAKE DIRECT POST-PETITION MORTGAGE PAYMENTS

(5) Some studies have similarly found that the success rate for homeowner bankruptcies is disappointingly low, while others have found better results for homeowners filing chapter 13 bankruptcy.

Does Bankruptcy Save Homes? A Further Look

Blake Case No.: 17-2809 Officials: BAUER, FLAUM, and MANION, Circuit Judges Focus: Bankruptcy Chapter 13 Plan Payments Appellee Denise L.

Bankruptcy Chapter 13 Plan Payments

The more than two-minute clip features the enhancements the developers made to the Chapter 13 story.

'Final Fantasy XV' March Update Trailer Released

Chapter 13 Bankruptcy: Keep Your Property & Repay Debts Over Time, 13th Edition

Financial browser ?

Full browser ?

CITE

Site: Follow: Share:

Open / Close