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Roger, Attorney
Category: Bankruptcy Law
Satisfied Customers: 31768
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
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are there sub-category bankruptcies under chapter 11

Customer Question

are there sub-category bankruptcies under chapter 13
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  Roger replied 8 years ago.

No. A Chapter 13 bankruptcy sets up a repayment schedule so all debts are paid over time, usually 3-5 years. Filing for Chapter 13 bankruptcy is usually a better option when the debts are not dischargeable or the debtor wants to keep his/her property.


The framework for every Ch. 13 is the same. There are certainly different things that happen in every bankruptcy, but the law that applies to all is the same.