Answer 1/1 - Submitted 1/19/2011
Chapter 13, Title 11, United States Code is what Chapter 13 commonly refers to.
It is a repayment and financial reorganisation imposed by federal bankruptcy court to a debtor who has a financial income.
This is different from Chapter 7 bankruptcy, which is a liquidation and required immediate repayment of the full dept.
Hope this helps!
Type your Answer in the box below and post your answer.
Related Questions (Ask a New Question)
When deciding to go forward with personal bankruptcy, which is appropriate? chapter 7 or chapter 13? are there other options that one should consider prior to filing for bankruptcy?
We have been in a chapter 13 bankruptcy for two years. my husbands company filed bankruptcy and we lost our home. will we be eligible for any type of tax credits.
Can u tell me if my wages is being garnished and i decide to file for chapter 7 bankruptcy, if my case has been approved for a chapter 7, will the money that i previously paid to the creditors be returned back to me
|
What are the differences between chapter 7 and chapter 13 regarding personal bankruptcy? When deciding to go forward with personal bankruptcy, which is appropriate? chapter 7 or chapter... |
|
Is there a tax break for people who are currently in a chapter 13 bankruptcy? We have been in a chapter 13 bankruptcy for two years. my husbands company filed bankruptcy... |
|
Can u tell me if my wages is being garnished and i decide to file for chapter 7 bankruptcy,... |
|
What does chapter 11 bankruptcy do? If a company files chapter 11 bankruptcy is there an automatic freeze for 120 days. |
|
Does a creditor have to give notice during a chapter 7 bankruptcy before repossessing a vehicle? I assume during a chapter 7 bankruptcy the automatic stay would prevent a creditor from repossessing... |
|
My daughter's business failed. she may have to file bankruptcy. she is being sued by... |
Ask A Question
Ask a new question about
Bankruptcy: