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Chapter 13 Bankruptcy an Overview of the Process Form

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Chapter 13 Bankruptcy an Overview of the Process Form

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bankruptcy is an overwhelming process a debtor may wonder what assets can I keep and what's the quickest and most painless way for me to satisfy my debts when scouring the internet to find answers to these questions many self-help websites boldly proclaim keep your valuable property with chapter 13 and chapter 13 worked for him and it will work for you too lawyers have commented that chapter 13 bankruptcy is innovative in its approach and extremely attractive when first enacted Congress envisioned chapter 13 as a method to provide great self-satisfaction and pride to those debtors who complete them and at the same time effect a maximum return to creditors what is it and how does it work in a chapter 13 bankruptcy plan the debtor proposes a repayment and reorganization plan to the Bankruptcy Court the repayment plan describes in detail how a debtor will make payments to a chapter 13 trustee who will then distribute payments to creditors over a three to five year period to approv

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