“Chapter 13”
This page presents an official legal definition of “Chapter 13” from a government source. Additional definitions will be added as jurisdictions publish them.
United States
|
The chapter of the Bankruptcy Code providing for the adjustment of debts of an individual with regular income, often referred to as a "wage-earner" plan. Chapter 13 allows a debtor to keep property and use his or her disposable income to pay debts over time, usually three to five years.
|