Chapter 13 bankruptcy allows individuals with a steady income to retain property, such as a mortgaged house or car, by following a court-approved repayment plan to pay off debts over three to five years.

Authors

• Person: Not available Organization: Federal Trade Commission
  How To Get Out of Debt | Consumer Advice

Sources

• How To Get Out of Debt | Consumer Advice consumer.ftc.gov Federal Trade Commission via serper

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• Chapter 13 bankruptcy concept