» » Chapter 13: The Federal Plan to Repay Your Debts (CHAPTER 13 BANKRUPTCY)

Chapter 13: The Federal Plan to Repay Your Debts (CHAPTER 13 BANKRUPTCY) download epub

by Janice Kosel


Epub Book: 1230 kb. | Fb2 Book: 1144 kb.

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.

A chapter 13 bankruptcy is also called a wage earner's plan. If the debtor's current monthly income is less than the applicable state median, the plan will be for three years unless the court approves a longer period "for cause.

Title 11 of the United States Code sets forth the statutes governing the various types of relief for bankruptcy in the United States. Chapter 13 of the United States Bankruptcy Code provides an individual the opportunity to propose a plan of reorganization to reorganize their financial affairs while under the bankruptcy court's protection

Chapter 13 is less about elimination of debt and more about reorganization of an individual’s finances. The Bankruptcy Code is the federal law that governs our bankruptcy court system.

Chapter 13 is less about elimination of debt and more about reorganization of an individual’s finances. The Chapter 13 process requires that the debtor (that’s what we call the person who files the bankruptcy case) make a monthly payment to a Chapter 13 Trustee for a period of 36 to 60 months The Bankruptcy Code is the federal law that governs our bankruptcy court system. The Code is divided into numbered chapters and sections.

Chapter Thirteen book. Chapter 13: The Federal Plan to Repay Your Debts (Chapter 13 Bankruptcy). 0873370708 (ISBN13: 9780873370707).

Typically, the entire process is completed within six months.

In a Chapter 13 bankruptcy, filers develop a plan to repay all or part of their "past due" debt. you can’t use Chapter 7 because you can afford to pay back some of your debt and therefore fail the means test. Any allowable debt left afterward is discharged. One of the major drawbacks is that paying for past debts on top of one’s current obligations can be a stressful proposition. Unless there’s a strong reason to choose Chapter 13 over another form of bankruptcy, this low success rate might convince you to take a hard look at Chapter 7. Who Can File.

Chapter 13 Bankruptcy will save you a fortune in attorney fees and confusion. This is the best book going if you choose to file alone or if you want background on the Chapter 13 process. Attorney Gary Klein, Co-Author of Consumer Bankruptcy Law and Practice.

Chapter 13 bankruptcy is known as a reorganization bankruptcy. Businesses do not qualify for debt relief under Chapter 13; only individuals or married couples. How Chapter 13 Works.

If you are considering Chapter 13 bankruptcy, make sure you understand .

If you are considering Chapter 13 bankruptcy, make sure you understand these rules so you know what you are getting into and what will be required of you. (To learn more about how Chapter 13 bankruptcy works, see Chapter 13 Bankruptcy: An Overview. Debts That Must Be Paid Through Your Chapter 13 Plan.

In return, you may keep your property

In return, you may keep your property. The most important part of a Chapter 13 bankruptcy is the repayment plan, which describes in detail how (and how much) you will pay for each of your debts.

Book by Kosel, Janice
Chapter 13: The Federal Plan to Repay Your Debts (CHAPTER 13 BANKRUPTCY) download epub
Business
Author: Janice Kosel
ISBN: 0873370708
Category: Law
Subcategory: Business
Language: English
Publisher: Nolo; 3 edition (December 1, 1987)
Pages: 153 pages