What Does Restructuring Under Chapter 13 Bankruptcy Entail?


Chapter 13 bankruptcy is a process that allows successful filers to restructure the debts they owe. It's important to understand what is meant by restructuring, though, before you petition the court for relief. Here's a breakdown of what to expect. Having a Plan The centerpiece of Chapter 13 bankruptcy law is the repayment plan. When someone asks the court for relief under Chapter 13, they're asking for some room so they can resume payments of their debts.

30 December 2020