Chapter 13 bankruptcy is also known as the wage earners plan as it offers individuals the opportunity to repay their debts by developing an ideal plan. Under the repayment plan created by the debtors, they have to pay the debts…
Among the many ways of dealing with debts when one is no longer able to service them or pay back is having them discharged by law. An individual is relieved of most of his debts-one may not need to repay…