The Ultimate Legal Dictionary
PracticePanther compiled a list of the legal terms and definitions every
attorney, paralegal, and law student needs to know when running a law firm.
Chapter 13
DEFINITION
Bankruptcies are filed under a variety of “chapters” under federal law. Chapter 13 is specifically designed to allow a debtor with continuing income to keep his or her property and pay debts pursuant to a reorganized schedule over three to five years. It is used in contrast to chapter 7
NEXT 3 LEGAL TERMS
Have a question? Give us a call: (800) 856-8729
Mobile Apps
