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CHAPTER 13 MANDATORY INSURANCE THE BASICS State law requires all motor vehicle operators and owners to have a form of liability insurance. Liability insurance covers the policyholder s legal liability
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What is chapter 13 - mandatory?
Chapter 13 of the bankruptcy code allows individuals with regular income to develop a plan to repay all or part of their debts.
Who is required to file chapter 13 - mandatory?
Individuals with regular income who have unsecured debts less than $394,725 and secured debts less than $1,184,200 are eligible to file for chapter 13 bankruptcy.
How to fill out chapter 13 - mandatory?
To fill out chapter 13 bankruptcy forms, individuals must gather all financial information, complete the required forms accurately, and submit them to the bankruptcy court.
What is the purpose of chapter 13 - mandatory?
The purpose of chapter 13 bankruptcy is to provide individuals with a structured repayment plan to pay off their debts over a period of three to five years.
What information must be reported on chapter 13 - mandatory?
Information such as income, expenses, assets, debts, and a proposed repayment plan must be reported on chapter 13 bankruptcy forms.
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