With Chapter 13 bankruptcy, a debtor repays their debts with supervision from the bankruptcy court under a three to five year plan. This is an option for a debtor who has regular income and the ability to repay debts under better terms such as lower or no interest.
Click for the full glossary of credit card terms.
Similar Articles:
- Chapter 7 Bankruptcy
- Chapter 11 Bankruptcy
- Non-Dischargeable Debt
- Cramdown
- Bankruptcy
- Debt Management Plan (DMP)
- Wage Garnishment




