|
gptkbp:instanceOf
|
bankruptcy process
|
|
gptkbp:administeredBy
|
gptkb:bankruptcy
|
|
gptkbp:allows
|
individuals with regular income to develop a plan to repay all or part of their debts
|
|
gptkbp:alsoKnownAs
|
wage earner's plan
|
|
gptkbp:appealPossible
|
yes, to district court
|
|
gptkbp:automaticStay
|
imposed upon filing
|
|
gptkbp:compatibleWith
|
businesses
|
|
gptkbp:conversionPossible
|
to Chapter 7 bankruptcy
|
|
gptkbp:creditCounselingRequired
|
yes
|
|
gptkbp:creditImpact
|
significant negative effect
|
|
gptkbp:creditorsMayObject
|
to plan
|
|
gptkbp:dateEnacted
|
gptkb:1978_Bankruptcy_Reform_Act
|
|
gptkbp:debtorKeeps
|
prop
|
|
gptkbp:debtorMustSubmit
|
list of assets and liabilities
list of current income and expenditures
list of executory contracts and unexpired leases
regular income documentation
statement of financial affairs
|
|
gptkbp:dischargeGrantedAfter
|
completion of repayment plan
|
|
gptkbp:dismissalPossible
|
for noncompliance
|
|
gptkbp:duration
|
3 to 5 years repayment plan
|
|
gptkbp:eligibility
|
unsecured debts less than $465,275 and secured debts less than $1,395,875 (as of 2022)
|
|
gptkbp:fareControl
|
required
|
|
gptkbp:filingDate
|
individuals
|
|
gptkbp:filingFrequencyLimit
|
may be limited by prior filings
|
|
gptkbp:governedBy
|
gptkb:Title_11_of_the_United_States_Code
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Chapter 13 bankruptcy
|
|
gptkbp:jurisdiction
|
gptkb:United_States
|
|
gptkbp:mayDischarge
|
certain debts after plan completion
|
|
gptkbp:mayNotDischarge
|
certain debts such as student loans, alimony, child support
|
|
gptkbp:mayProtect
|
co-signers
|
|
gptkbp:mayStop
|
foreclosure proceedings
|
|
gptkbp:planConfirmationHearing
|
required
|
|
gptkbp:planModificationPossible
|
yes, with court approval
|
|
gptkbp:planMustProvideFor
|
equal treatment of same class creditors
full payment of priority claims
|
|
gptkbp:planPaymentsMadeTo
|
bankruptcy trustee
|
|
gptkbp:publicRecord
|
yes
|
|
gptkbp:purpose
|
reorganization of individual debt
|
|
gptkbp:relatedTo
|
gptkb:Chapter_11_bankruptcy
gptkb:Chapter_7_bankruptcy
|
|
gptkbp:requires
|
court approval of repayment plan
|
|
gptkbp:trusteeAppointed
|
yes
|
|
gptkbp:bfsParent
|
gptkb:bankruptcy
gptkb:United_States_bankruptcy_courts
gptkb:United_States_Bankruptcy_Court
|
|
gptkbp:bfsLayer
|
5
|