Chapter 13 – Adjustment of Debts of an Individual with Regular Income
E354495
Chapter 13 – Adjustment of Debts of an Individual with Regular Income is a U.S. bankruptcy law provision that allows qualifying individuals with steady income to reorganize and repay their debts over time under court-approved plans.
All labels observed (2)
How this entity was disambiguated
This entity first appeared as the object of triple T3391809 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
Target entity: Chapter 13 – Adjustment of Debts of an Individual with Regular Income Context triple: [Title 11 of the United States Code, contains, Chapter 13 – Adjustment of Debts of an Individual with Regular Income]
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A.
Chapter 35 – Accounting and Collection
Chapter 35 – Accounting and Collection is a section of U.S. federal law that sets out rules and procedures for the government’s financial accounting, internal controls, and collection of public funds.
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B.
Chapter 31 – Public Debt
Chapter 31 – Public Debt is a section of the United States Code that sets out the federal government’s legal framework for borrowing money and managing the national debt.
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C.
Chapter 33 – Depositing, Keeping, and Paying Money
Chapter 33 – Depositing, Keeping, and Paying Money is a section of U.S. federal law that sets out the rules and procedures governing how the federal government deposits, safeguards, and disburses public funds.
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D.
Bankruptcy Reform Act of 1978
The Bankruptcy Reform Act of 1978 is a landmark U.S. federal law that overhauled the nation’s bankruptcy system, creating the modern bankruptcy code and structure of bankruptcy courts.
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E.
Section Eight
Section Eight was a film production company co-founded by director Steven Soderbergh and actor George Clooney, known for producing several acclaimed independent and studio films in the early 2000s.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
Target entity: Chapter 13 – Adjustment of Debts of an Individual with Regular Income Target entity description: Chapter 13 – Adjustment of Debts of an Individual with Regular Income is a U.S. bankruptcy law provision that allows qualifying individuals with steady income to reorganize and repay their debts over time under court-approved plans.
-
A.
Chapter 35 – Accounting and Collection
Chapter 35 – Accounting and Collection is a section of U.S. federal law that sets out rules and procedures for the government’s financial accounting, internal controls, and collection of public funds.
-
B.
Chapter 31 – Public Debt
Chapter 31 – Public Debt is a section of the United States Code that sets out the federal government’s legal framework for borrowing money and managing the national debt.
-
C.
Chapter 33 – Depositing, Keeping, and Paying Money
Chapter 33 – Depositing, Keeping, and Paying Money is a section of U.S. federal law that sets out the rules and procedures governing how the federal government deposits, safeguards, and disburses public funds.
-
D.
Bankruptcy Reform Act of 1978
The Bankruptcy Reform Act of 1978 is a landmark U.S. federal law that overhauled the nation’s bankruptcy system, creating the modern bankruptcy code and structure of bankruptcy courts.
-
E.
Section Eight
Section Eight was a film production company co-founded by director Steven Soderbergh and actor George Clooney, known for producing several acclaimed independent and studio films in the early 2000s.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. bankruptcy law provision
ⓘ
chapter of the United States Bankruptcy Code ⓘ |
| administeredBy | United States bankruptcy courts ⓘ |
| alsoKnownAs |
Chapter 13 bankruptcy
ⓘ
wage earner’s plan ⓘ |
| amendedBy | Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ⓘ |
| appliesTo |
individual debtors with regular income
ⓘ
married couples filing jointly ⓘ |
| benefit |
can protect co-debtors on certain consumer debts through the co-debtor stay
ⓘ
can reschedule certain secured debts over the life of the plan ⓘ can stop foreclosure and allow curing of mortgage defaults ⓘ |
| codifiedIn | 11 U.S.C. §§ 1301–1330 ⓘ |
| contrastedWith |
Chapter 11 – Reorganization
ⓘ
Chapter 7 – Liquidation ⓘ |
| doesNotApplyTo |
most corporations
ⓘ
most partnerships ⓘ |
| eligibilityCriterion |
debtor must be an individual
ⓘ
debtor must complete required credit counseling before filing ⓘ debtor must have regular income ⓘ debtor’s debts must be within statutory limits ⓘ |
| feature |
allows debtor to keep property while repaying debts
ⓘ
imposes an automatic stay on most collection actions ⓘ may allow cramdown of certain secured claims subject to statutory limits ⓘ may allow stripping of certain wholly unsecured junior liens on real property ⓘ permits curing of arrears on secured debts such as mortgages ⓘ plan payments are distributed to creditors by the trustee ⓘ provides for discharge of certain remaining debts after plan completion ⓘ provides for installment payments to creditors over time ⓘ requires good faith in proposing the plan ⓘ requires payments to a Chapter 13 trustee ⓘ requires that unsecured creditors receive at least as much as in a Chapter 7 liquidation ⓘ |
| governedBy | Federal Rules of Bankruptcy Procedure ⓘ |
| historicalContext | created to provide a structured repayment alternative to liquidation for individuals ⓘ |
| includesProvision | co-debtor stay under 11 U.S.C. § 1301 ⓘ |
| jurisdiction |
United States of America
ⓘ
surface form:
United States
|
| legalBasis |
United States bankruptcy law
ⓘ
surface form:
United States Bankruptcy Code
|
| maximumPlanLength | five years under most circumstances ⓘ |
| overseenBy | United States trustee or bankruptcy administrator program ⓘ |
| partOf | Title 11 of the United States Code ⓘ |
| primaryPurpose |
adjustment and reorganization of debts of an individual with regular income
ⓘ
allow debtors to repay creditors over time under court supervision ⓘ |
| requires |
court confirmation of the repayment plan
ⓘ
filing of a petition in bankruptcy court ⓘ regular income sufficient to fund a repayment plan ⓘ submission of a repayment plan ⓘ |
| resultOfCompletion | entry of a Chapter 13 discharge for eligible debts ⓘ |
| typicalPlanLength |
five years
ⓘ
three years ⓘ |
How these facts were elicited
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You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Subject: Chapter 13 – Adjustment of Debts of an Individual with Regular Income Description of subject: Chapter 13 – Adjustment of Debts of an Individual with Regular Income is a U.S. bankruptcy law provision that allows qualifying individuals with steady income to reorganize and repay their debts over time under court-approved plans.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.