Bankruptcy - Chapter 13 »

Posted By atgnote 1 year, 4 months ago in Business & Finance

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Chapter 13 bankruptcy is provided for the wage earner who can use his income to pay his creditors over a specified time period. Chapter 13 is a reorganization of the debt owed to creditors with a payment schedule set up whereby the wage earner makes timely payments to the creditors over a three to five year payment period.