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CHAPTER 1311
RESETTLEMENT PROVIDERS
131101. Definitions.
For the purposes of this chapter:
1. \”Affiliate\”:
a. With respect to an individual, means:
(1) The spouse of the individual;
(2) A sibling
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What is chapter 13-11 debt-settlement providers?
Chapter 13 debt-settlement providers are organizations or individuals that help consumers reorganize and settle their debts under the Chapter 13 bankruptcy process. This allows for a structured repayment plan to manage debts over time.
Who is required to file chapter 13-11 debt-settlement providers?
Individuals with a regular income who wish to reorganize their debts and avoid foreclosure or repossession are required to file under Chapter 13. This typically includes those who have unsecured debts below certain limits and wish to retain assets.
How to fill out chapter 13-11 debt-settlement providers?
To fill out the Chapter 13 forms, individuals must provide detailed information about their debts, income, and assets, and propose a repayment plan. It is advisable to seek help from a qualified bankruptcy attorney or debt counselor to ensure accuracy.
What is the purpose of chapter 13-11 debt-settlement providers?
The purpose of Chapter 13 debt-settlement providers is to assist individuals in reorganizing their debts, creating a manageable repayment plan while protecting them from creditors and enabling them to retain their assets.
What information must be reported on chapter 13-11 debt-settlement providers?
Individuals must report their income, expenses, debts, assets, and a proposed repayment plan detailing how they intend to pay off their debts over the specified period, usually three to five years.
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