Definition of Chapter 13 in US English:

Chapter 13

noun

Protection from creditors granted to individuals who legally file for bankruptcy, providing for repayment of debts by a court-approved plan.
Example sentencesExamples
- Instead, more people would be required to file under Chapter 13, which requires you to repay at least part of what you owe over several years.
- In addition, the law will require many debtors to pay higher legal fees and agree to a court-ordered repayment plan under Chapter 13 rather than have their debts discharged completely in a nonjudicial proceeding.
- I deliberately chose Chapter 13 so that I could complete paying my creditors.
- Already, more than 60% of people who file under Chapter 13 don't complete their plans, meaning they could lose their homes and cars.
- When most companies file Chapter 13, tangible assets are sold - often to competitors, and usually for pennies on the dollar.

Origin

With allusion to Chapter 13 of the US bankruptcy code.

Definition of Chapter 13 in US English:

Chapter 13

noun

Protection from creditors granted to individuals who legally file for bankruptcy, providing for repayment of debts by a court-approved plan.
Example sentencesExamples
- Instead, more people would be required to file under Chapter 13, which requires you to repay at least part of what you owe over several years.
- In addition, the law will require many debtors to pay higher legal fees and agree to a court-ordered repayment plan under Chapter 13 rather than have their debts discharged completely in a nonjudicial proceeding.
- I deliberately chose Chapter 13 so that I could complete paying my creditors.
- Already, more than 60% of people who file under Chapter 13 don't complete their plans, meaning they could lose their homes and cars.
- When most companies file Chapter 13, tangible assets are sold - often to competitors, and usually for pennies on the dollar.

Origin

With allusion to Chapter 13 of the US bankruptcy code.

词汇	Chapter 13
释义	Definition of Chapter 13 in US English: Chapter 13 noun US Protection from creditors granted to individuals who legally file for bankruptcy, providing for repayment of debts by a court-approved plan. Example sentencesExamples Instead, more people would be required to file under Chapter 13, which requires you to repay at least part of what you owe over several years. In addition, the law will require many debtors to pay higher legal fees and agree to a court-ordered repayment plan under Chapter 13 rather than have their debts discharged completely in a nonjudicial proceeding. I deliberately chose Chapter 13 so that I could complete paying my creditors. Already, more than 60% of people who file under Chapter 13 don't complete their plans, meaning they could lose their homes and cars. When most companies file Chapter 13, tangible assets are sold - often to competitors, and usually for pennies on the dollar. Origin With allusion to Chapter 13 of the US bankruptcy code. Definition of Chapter 13 in US English: Chapter 13 noun US Protection from creditors granted to individuals who legally file for bankruptcy, providing for repayment of debts by a court-approved plan. Example sentencesExamples Instead, more people would be required to file under Chapter 13, which requires you to repay at least part of what you owe over several years. In addition, the law will require many debtors to pay higher legal fees and agree to a court-ordered repayment plan under Chapter 13 rather than have their debts discharged completely in a nonjudicial proceeding. I deliberately chose Chapter 13 so that I could complete paying my creditors. Already, more than 60% of people who file under Chapter 13 don't complete their plans, meaning they could lose their homes and cars. When most companies file Chapter 13, tangible assets are sold - often to competitors, and usually for pennies on the dollar. Origin With allusion to Chapter 13 of the US bankruptcy code.
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