US Chapter 13 Bankruptcy
type: Class
alternative label: 美国第13章破产
subclass of: R7Jo3gp8LjhpdJNXYE9ow95
subclass of: R7LI3BONqNkXbKHKa0t3jyI
subclass of: RBnSXvwm8EPPRhNuxQD8avo
hidden label: USCHAP13
definition: In chapter 13 bankruptcy, or a 'wage earner plan', an individual that has regular income is allowed to develop a plan to pay back parts, or all, of their debts. One advantage of chapter 13 is it allows individuals to avoid foreclosure on their houses.