MLchartDataset catalogue

Chapter 13 bankruptcy

Term · Law · MLC-T-LAW-000931

A form of bankruptcy that allows individuals with regular income to develop a plan to repay all or part of their debts over three to five years. Debtors retain their property and make regular payments to a trustee, who then distributes the funds to creditors. This chapter is often chosen by debtors who want to save their homes from foreclosure.

Table 1. Record
IdentifierMLC-T-LAW-000931
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000931",
  "term": "Chapter 13 bankruptcy",
  "field": "Law",
  "definition": "A form of bankruptcy that allows individuals with regular income to develop a plan to repay all or part of their debts over three to five years. Debtors retain their property and make regular payments to a trustee, who then distributes the funds to creditors. This chapter is often chosen by debtors who want to save their homes from foreclosure.",
  "url": "https://mlchart.com/terminology/law/chapter-13-bankruptcy/"
}

Record 747 of 5,445 in Law terminology (MLC-0107). Request the full dataset.