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1310176jmpDoc 119Filed 03/06/13 Entered 03/06/13 20:14:12 Pg 1 of 110Main DocumentB6 Summary (Official Form 6 Summary) (12/07)s l d e h c f y a u S . 6 m r o F 1 k b United States Bankruptcy Court

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What is chapter 13 - summary?

Chapter 13 is a type of bankruptcy that allows individuals with a regular income to create a repayment plan to pay back all or part of their debts over a period of three to five years.

Who is required to file chapter 13 - summary?

Individuals with a steady income who want to reorganize their debts and avoid foreclosure or repossession are required to file for Chapter 13.

How to fill out chapter 13 - summary?

To fill out Chapter 13, debtors must complete a petition and schedules that detail their income, expenses, assets, and liabilities, along with a repayment plan proposal.

What is the purpose of chapter 13 - summary?

The purpose of Chapter 13 is to provide an avenue for debtors to repay their debts while retaining their property and avoiding liquidation, under the protection of a bankruptcy court.

What information must be reported on chapter 13 - summary?

Debtors must report their income, expenses, assets, liabilities, and a detailed repayment plan for creditors in the Chapter 13 filing.

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