☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Chapter 13 Wage Earner Plan

A form of bankruptcy for individuals with regular income, allowing repayment of debts over three to five years under a court-approved plan while retaining property that would be liquidated under Chapter 7.

Etymology: English compound · Category: Bankruptcy Law · Source: 11 U.S.C. §§ 1301-1330
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