Fact sheet explaining Chapter 13 Bankruptcy. The purpose of Chapter 13 is to enable financially distressed debtors to propose and carry out a repayment plan under which creditors are paid over an extended period of time.  
Contributed by: Administrative Office of the U. S. Courts
Last Reviewed: 07/17/2009

http://www.uscourts.gov/FederalCourts/Bankruptcy/BankruptcyBasics/Chapte...

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