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Simple English definitions for legal terms

wage-earner's plan

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A quick definition of wage-earner's plan:

A wage-earner's plan is a type of bankruptcy plan that is available to individuals who have a regular income. It is also known as Chapter 13 bankruptcy. This plan allows the individual to reorganize their debts and make payments over a period of time, usually three to five years. It is designed to help people who are struggling with debt to get back on their feet and become financially stable again.

A more thorough explanation:

A wage-earner's plan is a type of bankruptcy filing under Chapter 13 of the bankruptcy code. It allows individuals with regular income to create a repayment plan to pay off their debts over a period of three to five years.

John is a wage-earner who has accumulated a lot of debt due to medical bills and credit card expenses. He files for Chapter 13 bankruptcy and creates a repayment plan to pay off his debts over the next five years. He will make monthly payments to a trustee who will distribute the funds to his creditors.

Another example is Sarah, who has a steady income but is struggling to keep up with her mortgage payments. She files for Chapter 13 bankruptcy and includes her mortgage payments in her repayment plan. This allows her to keep her home and catch up on missed payments over the next few years.

These examples illustrate how a wage-earner's plan can help individuals with regular income manage their debts and avoid foreclosure or repossession of assets.

wage-assignment order | wager

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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
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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