BostonBankruptcy.org
About BostonBankruptcy.org
This chapter of the Bankruptcy Code provides for "adjustment" of debts of an individual with regular income. Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years. A chapter 13 bankruptcy is also called a wage earner's plan, although a debtor need not have a job to file chapter 13. It enables individuals with regular and stable income - from ANY source - to develop a plan to repay all or part of their debts.
