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Chapter 13

Chapter 13 bankruptcy

The Role of a Trustee in a Bankruptcy Case

Happy couple meeting shaking hands with their bankruptcy trusteeOk, you are getting a fresh start on your financial situation and have filed for bankruptcy. One of the major players that you are going to be interacting with is a bankruptcy trustee. A bankruptcy trustee is a lawyer assigned to oversee your bankruptcy case. Their role in the case differs as to whether your bankruptcy case is Chapter 7 or Chapter 13.


Will My Chapter 13 Payment Change With My Income?


A chapter 13 bankruptcy plan payment schematicChapter 13 bankruptcy runs over a significant length of time: 3 to 5 years. The terms of the repayment plan is tied to the debtor’s income and expenses. That raises one of the most common questions people have about Chapter 13 bankruptcy: since your income and/or your expenses might change significantly during the life of the plan, how does that change affect the plan? Can your payments be adjusted?

About Chapter 13 Bankruptcy


IMPORTANT: We recommend you read Learn About Chapter 7 before continuing.


What are the similarities?


A chapter 13 bankruptcy planChapter 13 and Chapter 7 share many benefits:



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