Chapter 13
Term · Law · MLC-T-LAW-000043
The chapter of the Bankruptcy Code providing for the adjustment of debts of an individual with regular income based on a court-approved plan. (Chapter 13 allows a debtor to keep certain property and pay debts over time, usually three to five years, as dictated by the plan.)
| Identifier | MLC-T-LAW-000043 |
|---|---|
| Field | Law |
| References | U.S. Courts Glossary of Legal Terms |
Record as JSON
{
"id": "MLC-T-LAW-000043",
"term": "Chapter 13",
"field": "Law",
"definition": "The chapter of the Bankruptcy Code providing for the adjustment of debts of an individual with regular income based on a court-approved plan. (Chapter 13 allows a debtor to keep certain property and pay debts over time, usually three to five years, as dictated by the plan.)",
"references": [
"U.S. Courts Glossary of Legal Terms"
],
"url": "https://mlchart.com/terminology/law/chapter-13/"
}
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