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- Chapter 13 - Bankruptcy Basics - United States Courts
Chapter 13 of the Bankruptcy Code provides for adjustment of debts of an individual with regular income Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years A chapter 13 bankruptcy is also called a wage earner's plan
- Adequate Protection Payments in Chapter 13 Bankruptcy - AllLaw
Chapter 13 protects such creditors by requiring a debtor to make payments on the loan—called adequate protection payments—soon after filing a case The payments give the court time to review the proposed repayment plan without bringing harm to the creditor
- Chapter 13 Bankruptcy: What Is It How Does It Work? - Debt. org
Chapter 13 protects your loan cosigners against collection efforts if the bankruptcy settlement obligates you to repay the debt yourself If you need to file a second bankruptcy, Chapter 13 has a two-year waiting period versus eight years for Chapter 7
- Chapter 13 Bankruptcy - Definition, Examples, Requirements
Legal protection: Filing for bankruptcy under Chapter 13 gives protection from creditors' collection efforts for the repayment period This includes phone calls, mailings, lawsuits, and other debt collection measures
- Chapter 13 Bankruptcy: How It Works, Eligibility, and Alternatives
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 Filing for Chapter 13 bankruptcy
- Chapter 13, Title 11, United States Code - Wikipedia
A chapter 13 plan is a document filed with or shortly after a debtor's Chapter 13 bankruptcy petition The plan details the treatment of debts, liens, and the secured status of assets and liabilities owned or owed by the debtor in regard to his bankruptcy petition
- Chapter 13 Bankruptcy: Your Guide to a Fresh Start - Debt. com
A Chapter 13 bankruptcy can provide some protection for your assets, particularly for secured assets like your mortgage However, if you fail to make your regular payments, your mortgage lender can simply petition the court to release the home from bankruptcy protection
- How Adequate Protection Works in Chapter 13 Bankruptcy
By requiring adequate protection payments both pre- and post-confirmation, Chapter 13 bankruptcy seeks to prevent the deterioration of the secured creditor’s interest over time, especially given that Chapter 13 cases can extend up to five years
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