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UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA www.flsb.uscourts.govIN RE:CASE NO. Chapter 13Debtor./ORDER GRANTING MOTION TO VALUE AND DETERMINE SECURED STATUS OF LIEN ON REAL PROPERTY
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Chapter 13 is a type of bankruptcy that allows individuals with a regular income to create a plan to repay all or part of their debts.
Individuals with a 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.
To fill out a Chapter 13 bankruptcy petition, individuals must provide information about their debts, assets, income, expenses, and proposed repayment plan.
The purpose of Chapter 13 bankruptcy is to give individuals with a regular income the opportunity to reorganize their debts and create a plan to repay creditors over a period of three to five years.
Individuals filing for Chapter 13 bankruptcy must report information about their debts, assets, income, expenses, and proposed repayment plan.
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