Friday, December 17, 2010
At the beginning of the bankruptcy discharge
Chapter 13 bankruptcy allows a debtor's ability to meet its debt by a plan managed the Court of justice. A debtor is unable to obtain an early discharge from bankruptcy in certain situations. Chapter 13 bankruptcy is designed 13 BankruptcyA chapter, to a debtor of ability, his debts while under the protection of a Court of creditors.Chapter PlanUnder 13, monitoring of the trustee in bankruptcy court repay to offer a payment plan is developed, the debtor pays a fixed the Court of Justice for each month and the payment amount divided between his creditors.Time FrameDepending on the amount of debt and the income of the debtor, a chapter 13 plan takes between two and five years. An early discharge is possible when the debtor accelerated DischargeAn early payments.Benefit exit permits a debtor with his life doing more quickly and without the burden of heavy debt.Application looking DischargeAn at the beginning of the dump in compliance with the requirements in terms of payment and submission of a petition to the Court, a final rejection is obtained.
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