Chapter 13 bankruptcy is a filing meant for people who?

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asked Sep 17, 2017 26.8k views

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Richard Pianka · Answer 1 · 2017-09-21T23:34:54+0000

A debtor must meet Chapter 13 requirements to file for bankruptcy under this chapter. Unlike a Chapter 7 bankruptcy, which allows the debtor to discharge some debts in exchange for the sale of nonexempt property to pay creditors, Chapter 13 allows the debtor to keep their property and repay creditors in a three or five year court-approved repayment plan.

Chapter 13 bankruptcy is a filing meant for people who?

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