Chapter thirteen also includes a Particular automated remain provision that protects co-debtors. Except the bankruptcy court docket authorizes if not, a creditor may well not find to gather a "buyer debt" from any individual who is liable together with the debtor.
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History A chapter 13 bankruptcy is also known as a wage earner's program. It permits people with frequent revenue to establish a intend to repay all or aspect of their debts. Beneath this chapter, debtors suggest a repayment intend to make installments to creditors about three to five years.
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