What is Chapter 13? – NJ Bankruptcy Glossary

Definition of the NJ Bankruptcy Term – Chapter 13

Chapter 13:

a type of bankruptcy filing that is highlighted by a 3 to 5 year repayment plan of all debts

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Note: the above definition of Chapter 13 was written in a simplified form for non-lawyers and may require a legal interpretation of how Chapter 13 may impact your bankruptcy filing.