Matador Legal » Chapter 13 – Bankruptcy http://matadorlegal.com/index.php Legal Outsourcing Provider Tue, 25 Aug 2009 05:04:22 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Duration of a Chapter 13 plan http://matadorlegal.com/index.php/2009/05/25/duration-of-a-chapter-13-plan/ http://matadorlegal.com/index.php/2009/05/25/duration-of-a-chapter-13-plan/#comments Mon, 25 May 2009 15:26:35 +0000 Matador Legal http://matadorlegal.com/index.php/2009/05/25/duration-of-a-chapter-13-plan/ A Chapter 13 (reorganization bankruptcy) is a debt repayment plan administered by the court. The maximum period of time that a Chapter 13 case can last is five years and not beyond. Normally, debtors who are below the median income depending on family size, have a repayment plan that lasts three years, but again depending on circumstances can have it extended to five years. And debtors who are above the median income have a repayment plan that lasts five years.

Source:

http://www.bankruptcylawnetwork.com/2009/05/23/how-long-does-a-chapter-13-case-take/

]]> http://matadorlegal.com/index.php/2009/05/25/duration-of-a-chapter-13-plan/feed/ 0