Chapter 13 - Wage Earner's Plan

Chapter 13 - Wage Earner's Plan
Chapter 13 - Wage Earner's Plan
A petition designed for any insolvent debtor who is a wage earner to provide the debtor with additional time to pay off creditors (Legal Dictionary: Bankruptcy Law)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • wage earner's plan — (Chapter 13). Under Chapter 13 of the Bankruptcy Code, any insolvent debtor who is a wage earner (earns wages, salary, or commission) can formulate and file a plan with the court that provides the debtor with additional time to pay off unsecured… …   Black's law dictionary

  • wage earner's plan — (Chapter 13). Under Chapter 13 of the Bankruptcy Code, any insolvent debtor who is a wage earner (earns wages, salary, or commission) can formulate and file a plan with the court that provides the debtor with additional time to pay off unsecured… …   Black's law dictionary

  • wage earner's plan — A form of bankruptcy under a former federal law whereby an individual retained her property and paid off a debt over a period of time, as determined by a court and subject to supervision by the court. Dictionary from West s Encyclopedia of… …   Law dictionary

  • wage earner's plan — A chapter 13 plan of reorganization (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • Chapter 13 (wage earner's) bankruptcy — See bankruptcy proceedings (wage earner s plan) …   Black's law dictionary

  • Chapter 13 (wage earner's) bankruptcy — See bankruptcy proceedings (wage earner s plan) …   Black's law dictionary

  • wage-earner's plan — A proceeding provided by Chapter XIII of the Bankruptcy Act, the function of which is to assist the financial rehabilitation of a debtor who qualifies as a wage earner, without adjudicating him a bankrupt. 9 Am J2d BanKr §§ 1382 et seq …   Ballentine's law dictionary

  • Wage Earner Plan (Chapter 13 Bankruptcy) — Also known as a Chapter 13 bankruptcy, this enables individuals with regular income to develop a plan to repay all or part of their debts for a period of three to five years. The repayment period depends on the debtor s monthly income as compared …   Investment dictionary

  • Chapter 13 — n: chapter 13 of the U.S. Bankruptcy Code see also bankruptcy code in the important laws section Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Chapter 13 — bankruptcy proceedings for an individual with the intention of rescheduling the individual s debt (rather than liquidating the individual s assets and debt; an individual files under Chapter 7 to liquidate), Chapter 13 is referred to as… …   Glossary of Bankruptcy

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