The Pennsylvania Chapter 13 Plan is a type of bankruptcy filing used by debtors in the state of Pennsylvania. It allows debtors to reorganize their debts and develop a payment plan to repay them over a three to five-year period. The plan must be approved by the Federal Bankruptcy Court and is supervised by a Trustee appointed by the court. The two types of Pennsylvania Chapter 13 Plans are the 3-5 Year Plan and the Wage Earner Plan. The 3-5 Year Plan requires debtors to pay off their debts over a three to five-year period, while the Wage Earner Plan requires debtors to pay off their debts over a five-year period. In both plans, the debtor must make regular payments to the Trustee, who then distributes the payments to creditors. The debtor is also required to attend credit counseling classes and provide a list of debts and assets to the court. The court will review the plan and if approved, the debtor will receive a discharge of their debts upon completion of the plan.
Pennsylvania Chapter 13 Plan
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How to fill out Pennsylvania Chapter 13 Plan?
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