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MANDATE TO SELL IMMOVABLE PROPERTY granted by ___ Identity/Registration number: ___ (\"the SELLER\") in favour of THE HIGH STREET AUCTION COMPANY (PTY) LTD (Reg. No. 2010/019027/07) (\"the AUCTIONEER\"
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What is chapter 13 - 1?
Chapter 13 - 1 refers to a specific part of the Chapter 13 bankruptcy process, which allows individuals to reorganize their debts and create a repayment plan to pay back their creditors over a period of time.
Who is required to file chapter 13 - 1?
Individuals with a regular income who want to repay all or part of their debts through a court-approved plan are required to file Chapter 13 - 1, specifically those who do not qualify for Chapter 7 bankruptcy.
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To fill out Chapter 13 - 1, you need to complete the official bankruptcy forms, including a petition, schedules of assets and liabilities, a statement of financial affairs, and a repayment plan, then file them with the bankruptcy court.
What is the purpose of chapter 13 - 1?
The purpose of Chapter 13 - 1 is to provide a structured way for individuals to repay their debts over time while keeping their assets, allowing them to avoid liquidation of their property.
What information must be reported on chapter 13 - 1?
On Chapter 13 - 1, debtors must report information including their income, expenses, debts, assets, and a detailed repayment plan for creditors.
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