# Debt Repayment Plan Bankruptcy

**IRI:** https://folio.openlegalstandard.org/RBnSXvwm8EPPRhNuxQD8avo

## Labels

**Translations:**

- de-de: Schuldenrückzahlungsplan Insolvenz
- fr-fr: Plan de remboursement de la dette Faillite
- ja-jp: 債務返済計画 破産
- pt-br: Plano de pagamento de dívidas Falência
- zh-cn: 债务偿还计划 破产

## Definition

Debt Repayment Plan Bankruptcy allows individuals with a regular income to develop a plan to repay all or part of their debts over a period of time. This form of bankruptcy can provide the debtor with an opportunity to save their home from foreclosure, reschedule secured debts, and consolidate their obligations into a single payment plan overseen by a bankruptcy trustee.

## Sub Class Of

- https://folio.openlegalstandard.org/R7LI3BONqNkXbKHKa0t3jyI

## Parent Class Of

- https://folio.openlegalstandard.org/R9ABG3dfhVDQUvRmg24IImI

**Deprecated:** False