Quimbee logo
DMCA.com Protection Status

Bankruptcy

 

The Estate in Chapter 13

Learn about property of the estate in chapter 13, the standing trustee's role and responsibilities, the debtor's status as debtor-in-possession, and the codebtor stay.

Transcript

Broadly speaking, in chapter 13, the debtor remains in possession of all estate property, exempt or otherwise. In exchange for this accommodation, the debtor must obtain the court’s approval of a plan of debt adjustment. The plan must call upon the debtor to submit, for a predetermined time, all statutorily determined projected disposable income to a standing trustee for distribution to creditors. With rare exceptions, only upon completing all payments and otherwise fully complying with the...