Bankruptcy Chapter 13

Bankruptcy Chapter 13 refers to a specific legal process in which individuals with a regular income create a plan to repay all or part of their debts over a three to five year period. This type of bankruptcy allows debtors to keep their property and catch up on missed payments, such as a mortgage or car loan. It is often chosen by those who do not qualify for Chapter 7 bankruptcy or who want to avoid foreclosure on their home.

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Bankruptcy Chapter 13
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