Financial institutions are usually classified to your additional organizations to choose the way they could be handled

A part 13 case of bankruptcy is a type of reorganization personal bankruptcy instance that enables the brand new modifications off expenses for all of us that have a normal income source. It is sometimes called an installment plan or a wage earner’s personal bankruptcy. For the a chapter thirteen personal bankruptcy situation you are filing an agenda with your circumstances you to suggests an installment throughout your personal bankruptcy trustee. A corporate organization cannot file a part thirteen case so there are not any business Chapter thirteen bankruptcies.

So you’re able to qualify for a section thirteen personal bankruptcy you need to tell you the brand new court which you have a regular revenue stream. You will need to tell you the newest court that you could shell out the master plan payment you are proposing in the case. There needs to be sufficient money in your funds after paying your own basic costs to cover the percentage on case.

A chapter thirteen bankruptcy bundle must pay particular creditors or render based on how they will be paid back for the personal bankruptcy. A few of these organizations decided by the laws and regulations that handle Chapter thirteen circumstances however some of them are going to be produced by your attorneys in the event. Bővebben