wage earner's plan

Definition of "wage earner's plan"
  1. A section of the Bankruptcy Code enabling a debtor to propose a plan to compensate a portion of their debts from their future income
How to use "wage earner's plan" in a sentence
  1. The couple, burdened with debt, sought relief through a wage earner's plan.
  2. Despite his considerable debts, he was able to regain financial stability thanks to a wage earner's plan.
  3. She filed a wage earner's plan to methodically pay off her outstanding liabilities from her upcoming earnings.

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