articles

Chapter 13 bankruptcy is a process in which the court calculates a debtor's disposable income and uses the amount to create a payment plan toward debts. A Chapter 13 debt payment plan lasts three to five years. More »

www.reference.com Business & Finance Business Resources

U.S. bankruptcy law contains provisions that allow certain debts to be reduced or annulled, explains Cornell University Law School. The statute can also be used to generate a timeline for repaying nondischargeable debts,... More »

www.reference.com Government & Politics Law Debt Law

Individuals and couples filing taxes jointly may qualify for Chapter 13 bankruptcy, according to the AllLaw website. Businesses are ineligible and can only file for a Chapter 11 option. Nolo says that stockbrokers and co... More »

www.reference.com Government & Politics Law
similar articles

Filing for bankruptcy allows debtors to suspend loss of property while bankruptcy courts work out payment plans or discharge of debts, but foreclosure is the action of lenders to repossess property on which debtors owe p... More »

www.reference.com Business & Finance Personal Banking

Chapter 7 bankruptcy, also known as liquidation bankruptcy, is a process where the debtor's non-exempt assets are sold, and the proceeds are given to his creditors to help repay his debts. Any remaining debt is forgiven,... More »

www.reference.com Business & Finance Credit & Lending

The main difference between Chapter 7 and Chapter 13 bankruptcy is that Chapter 7 allows a person to dismiss his unsecured debt, while chapter 13 provides a way to restructure debts into a manageable repayment plan. Cert... More »

www.reference.com Business & Finance Financial Planning

The minimum payment calculated by Care One varies based on a person's debts, income and expenses, as of February 2015. Care One offers debt relief services that combine all debts into one account to set up a single month... More »

www.reference.com Business & Finance Credit & Lending