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Chapter 13 Bankruptcy (Repayment Plan)
Chapter 13 bankruptcy is known as a reorganization bankruptcy. This means that, instead of selling off all relevant assets to pay creditors, a person who files for Chapter 13 bankruptcy will set up a repayment plan that uses their income to gradually eliminate their debt. Chapter 13 bankruptcy has its own set of rules and eligibility requirements; read the articles below for more information.
Chapter 13 Bankruptcy Basics:
- Chapter 13 Reorganization Bankruptcy Overview - lays out the basic elements of Chapter 13 bankruptcy.
- Chapter 13: Background and Advantages - tells the history of Chapter 13 bankruptcy and describes the benefits of Chapter 13.
- Chapter 13 Bankruptcy Rules FAQ - answers to some of the most common questions about the Chapter 13 bankruptcy rules.
- Who Can File for Chapter 13 Bankruptcy? - Chapter 13 bankruptcy has some pretty stringent eligibility requirements.
Alternatives to Filing for Chapter 13:
- Reasons to File for Chapter 7 Bankruptcy Instead of Chapter 13 Bankruptcy - for some, Chapter 7 might be a better option.
See also:
- Credit Counseling and Debt Management - FindLaw's section dedicated to credit counseling and debt management.
Chapter 13 In-Depth:
- Chapter 13: How It Works - the nuts and bolts of Chapter 13 bankruptcy.
- Chapter 13 Checklist - lists the important steps in a Chapter 13 bankruptcy.
- What are a Debtor's Obligations under Chapter 13? - find out what a debtor must do in a Chapter 13 bankruptcy.
- Chapter 13 Counseling and Debt Education - information from the U.S. government on the counseling and education required for a Chapter 13 bankruptcy.
- The Repayment Plan and Confirmation Hearing - describes what goes into a Chapter 13 repayment plan and confirmation hearing.
- The Chapter 13 Debt Discharge - learn how debtors can get rid of some of their debt through Chapter 13.
- Debts that Remain After a Chapter 13 Discharge - Chapter 13 won't erase all debts.
- Chapter 13 vs. Chapter 7 Bankruptcy - find out how Chapter 13 differs from Chapter 7.
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