Chapter 13 Plan
Definition - What does Chapter 13 Plan mean?
Chapter 13 plan refers to the document that a debtor should file as part of a Chapter 13 bankruptcy. This document typically highlights the debtor’s proposal in terms of repayment of their debts.
Justipedia explains Chapter 13 Plan
Chapter 13 plan usually requires monthly or twice monthly payments to be made by the debtor. This repayment plan must last for either three or five years. The debtor is required to dedicate all of their disposable income to the repayment plan.
5 Things to Know about Personal Bankruptcy and Student Loans