CHAPTER 13 PLAN
\t͡ʃˈaptə θˈɜːtiːn plˈan], \tʃˈaptə θˈɜːtiːn plˈan], \tʃ_ˈa_p_t_ə θ_ˈɜː_t_iː_n p_l_ˈa_n]\
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A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.
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Word of the day
tinctura quininae ammoniata
- A preparation made by dissolving quinin sulphate in alcohol [Br. Ph.].