What is the Chapter 13 bankruptcy law?

Answer Chapter 13 bankruptcy is typically designed for wage earners. This plan allows individuals to repay part of any debt owed or the entire debt. The debtor has the opportunity to propose his own repay... Read More »

Top Q&A For: What is the Chapter 13 bankruptcy law

How soon after filing a chapter 7 bankruptcy can you file a chapter 13 bankruptcy?

The U.S. Bankruptcy Code allows debtors to file for bankruptcy multiple times, but has changed the number of years you must wait between filings. Previously, a debtor could file under either Chapt... Read More »

What is the difference between a Chapter 11& a Chapter 13 bankruptcy?

U.S. bankruptcy laws offer individuals and businesses the opportunity to work with their creditors to reduce or eliminate oppressive debts. Typically, businesses file Chapter 11, while individuals ... Read More »

What is the difference between a Chapter 7 and a Chapter 13 bankruptcy?

Of the six types of bankruptcies authorized by the U.S. federal bankruptcy laws, two apply to individuals: Chapter 7 and Chapter 13. Chapter 7 involves complete liquidation of most personal assets ... Read More »

What is the difference between a chapter 13&a chapter 7 bankruptcy?

There are several differences between Chapter 7 and Chapter 13 bankruptcies. Both allow people relief from their debts, but the big difference lies in how this relief is obtained and the debts repa... Read More »