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单词 Chapter 13
释义

Definition of Chapter 13 in US English:

Chapter 13

noun
US
  • Protection from creditors granted to individuals who legally file for bankruptcy, providing for repayment of debts by a court-approved plan.

    Example sentencesExamples
    • Instead, more people would be required to file under Chapter 13, which requires you to repay at least part of what you owe over several years.
    • In addition, the law will require many debtors to pay higher legal fees and agree to a court-ordered repayment plan under Chapter 13 rather than have their debts discharged completely in a nonjudicial proceeding.
    • I deliberately chose Chapter 13 so that I could complete paying my creditors.
    • Already, more than 60% of people who file under Chapter 13 don't complete their plans, meaning they could lose their homes and cars.
    • When most companies file Chapter 13, tangible assets are sold - often to competitors, and usually for pennies on the dollar.

Origin

With allusion to Chapter 13 of the US bankruptcy code.

Definition of Chapter 13 in US English:

Chapter 13

noun
US
  • Protection from creditors granted to individuals who legally file for bankruptcy, providing for repayment of debts by a court-approved plan.

    Example sentencesExamples
    • Instead, more people would be required to file under Chapter 13, which requires you to repay at least part of what you owe over several years.
    • In addition, the law will require many debtors to pay higher legal fees and agree to a court-ordered repayment plan under Chapter 13 rather than have their debts discharged completely in a nonjudicial proceeding.
    • I deliberately chose Chapter 13 so that I could complete paying my creditors.
    • Already, more than 60% of people who file under Chapter 13 don't complete their plans, meaning they could lose their homes and cars.
    • When most companies file Chapter 13, tangible assets are sold - often to competitors, and usually for pennies on the dollar.

Origin

With allusion to Chapter 13 of the US bankruptcy code.

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更新时间:2025/6/19 15:39:26