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LSDefine

Simple English definitions for legal terms

Chapter 20

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A quick definition of Chapter 20:

Chapter 20: A term used to describe a situation where someone who owes a lot of money files for bankruptcy and gets rid of some of their debts, but still has some left over. They then file for bankruptcy again to deal with the remaining debts that they couldn't get rid of the first time.

A more thorough explanation:

Definition: Chapter 20 is a slang term used to describe a situation where a person files for bankruptcy under Chapter 7 and receives a discharge, but then immediately files for bankruptcy again under Chapter 13 to deal with remaining debts that cannot be discharged.

Example: John filed for Chapter 7 bankruptcy and received a discharge, but he still had a large amount of debt that was not dischargeable, such as student loans and taxes. He then filed for Chapter 13 bankruptcy to create a repayment plan for these debts.

Explanation: In this example, John's situation illustrates the definition of Chapter 20. He first filed for Chapter 7 bankruptcy to discharge as much debt as possible, but then filed for Chapter 13 bankruptcy to deal with the remaining debts that could not be discharged. This is a common strategy used by individuals who have a combination of dischargeable and nondischargeable debts.

Chapter 13 | Chapter 22

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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