Chapter 13 plan
- 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
- Under the Chapter 13 plan, she proposed to repay her debt over the course of five years.
- Their Chapter 13 plan outlines a consistent monthly payment to gradually clear their debt.
- In order to avoid foreclosure, he filed for bankruptcy and presented his Chapter 13 plan.