Chapter 13 plan

Definition of "Chapter 13 plan"
  1. A proposal presented by a debtor during bankruptcy, aiming at repaying debts over a duration of three to five years, with all discretionary income dedicated to clearing the dues
How to use "Chapter 13 plan" in a sentence
  1. Under the Chapter 13 plan, she proposed to repay her debt over the course of five years.
  2. Their Chapter 13 plan outlines a consistent monthly payment to gradually clear their debt.
  3. In order to avoid foreclosure, he filed for bankruptcy and presented his Chapter 13 plan.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z