Chapter 13

Definition of "Chapter 13"
  1. A part of the U.S. Bankruptcy Code that allows people with regular income to create a plan to repay all or part of their debts
How to use "Chapter 13" in a sentence
  1. The individual filed for bankruptcy under Chapter 13.
  2. After a thorough evaluation, the debtor was eligible for Chapter 13 bankruptcy.
  3. Choosing Chapter 13 allowed the debtor to create a five-year repayment plan.
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