wage earner's plan

wage earner's plan
A chapter 13 plan of reorganization (SA-Bankruptcy.com)

United Glossary of Bankruptcy Terms 2012.

Glossary of Bankruptcy.

Look at other dictionaries:

  • wage earner's plan — (Chapter 13). Under Chapter 13 of the Bankruptcy Code, any insolvent debtor who is a wage earner (earns wages, salary, or commission) can formulate and file a plan with the court that provides the debtor with additional time to pay off unsecured… …   Black's law dictionary

  • wage earner's plan — A form of bankruptcy under a former federal law whereby an individual retained her property and paid off a debt over a period of time, as determined by a court and subject to supervision by the court. Dictionary from West s Encyclopedia of… …   Law dictionary

  • wage-earner's plan — A proceeding provided by Chapter XIII of the Bankruptcy Act, the function of which is to assist the financial rehabilitation of a debtor who qualifies as a wage earner, without adjudicating him a bankrupt. 9 Am J2d BanKr §§ 1382 et seq …   Ballentine's law dictionary

  • Chapter 13 - Wage Earner's Plan — A petition designed for any insolvent debtor who is a wage earner to provide the debtor with additional time to pay off creditors (Legal Dictionary: Bankruptcy Law) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • claim in proceeding for wage earner's plan — A claim of whatever character against the debtor or his property, whether or not provable as a debt in ordinary bankruptcy, and whether secured or unsecured, liquidated or unliquidated, fixed or contingent, but not a claim secured by an estate in …   Ballentine's law dictionary

  • Wage Earner Plan (Chapter 13 Bankruptcy) — Also known as a Chapter 13 bankruptcy, this enables individuals with regular income to develop a plan to repay all or part of their debts for a period of three to five years. The repayment period depends on the debtor s monthly income as compared …   Investment dictionary

  • wage-earner — Literally, one who earns wages. For the purpose of the exception from involuntary adjudication in bankruptcy, an individual who works for wages, salary, or hire at a rate of compensation not exceeding $1,500 per year. Bankruptcy Act § 1(32); 11… …   Ballentine's law dictionary

  • Chapter 13 (wage earner's) bankruptcy — See bankruptcy proceedings (wage earner s plan) …   Black's law dictionary

  • Registered Retirement Savings Plan — A Registered Retirement Savings Plan or RRSP is an account that provides tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from income taxes.RRSPs …   Wikipedia

  • bankruptcy proceedings — General term for the various types of proceedings under the Bankruptcy Code (11 U.S.C.A.) that are initiated either by an insolvent individual or business (termed a voluntary bankruptcy) or by creditors (termed an involuntary bankruptcy) seeking… …   Black's law dictionary

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