Chapter 13, Title 11, United States Code
Chapter 13 of the United States Bankruptcy Code, codified under Title 11 of the United States Code, governs a form of bankruptcy in the United States that allows individuals to undergo a financial reorganization supervised by a federal bankruptcy court. The goal of Chapter 13 is to enable income-receiving debtors a debtor rehabilitation provided they fulfill a court-approved plan. This is in contrast to the goals of Chapter 7, which offers immediate and complete relief of many oppressive debts. It is a form of debt consolidation.
Read more about Chapter 13, Title 11, United States Code: Choice of Chapter, The Chapter 13 Plan
Famous quotes containing the words chapter, title, united, states and/or code:
“Theory may be deliberate, as in a chapter on chemistry, or it may be second nature, as in the immemorial doctrine of ordinary enduring middle-sized physical objects.”
—Willard Van Orman Quine (b. 1908)
“And Reason kens he herits in
A haunted house. Tenants unknown
Assert their squalid lease of sin
With earlier title than his own.”
—Robert Bridges (1844–1930)
“... the yearly expenses of the existing religious system ... exceed in these United States twenty millions of dollars. Twenty millions! For teaching what? Things unseen and causes unknown!... Twenty millions would more than suffice to make us wise; and alas! do they not more than suffice to make us foolish?”
—Frances Wright (1795–1852)
“I believe the citizens of Marion County and the United States want to have judges who have feelings and who are human beings.”
—Paula Lopossa, U.S. judge. As quoted in the New York Times, p. B9 (May 21, 1993)
“Acknowledge your will and speak to us all, “This alone is what I will to be!” Hang your own penal code up above you: we want to be its enforcers!”
—Friedrich Nietzsche (1844–1900)